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Post by jerryfmcompushaft on Dec 5, 2012 11:40:02 GMT -5
It's a good thing manufacturing is rebounding....I guess....
By MATTHIAS RIEKER
Citigroup Inc. said Wednesday that it will eliminate 11,000 jobs, or about 4% of its workforce, and take a related $1 billion fourth-quarter charge.
The bank has been under increasing pressure to cut costs to lift returns, and Citigroup's new chief executive, Michael Corbat, has said his priority is to make Citi a leaner and more efficient bank.[More] |
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Post by Swampy on Dec 5, 2012 11:43:41 GMT -5
I got a google page on your link, but I don't think that's what you were referring to.
But, yes, if one sector is declining, another sector can grow - that's why we want a large, diversified economy.
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Post by jerryfmcompushaft on Dec 5, 2012 12:16:08 GMT -5
I got a google page on your link, but I don't think that's what you were referring to. But, yes, if one sector is declining, another sector can grow - that's why we want a large, diversified economy. Sorry about that. It is the first time I've tried to link to that page and wasn't sure it wuold work. You got the 'meat' of the story in the quote. Just went on to say that the new CEO warned that there would be changes.... |
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Post by Swampy on Dec 6, 2012 11:39:03 GMT -5
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Post by jerryfmcompushaft on Dec 6, 2012 14:06:46 GMT -5
You mean they are now outsourcing to us? Wow, maybe the next time I call Microsoft Tech Support they will answer in English..... |
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Post by Swampy on Dec 6, 2012 15:31:53 GMT -5
Yes - I had a link previously saying that those call centers are coming back to the US.
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Post by mcnoch on Dec 7, 2012 1:07:51 GMT -5
When our customers think that our Indian SAP-specialists are too expensive, we offer them our SAP-specialists from the USA. But as no company wants due to the official espionage via the Patriot act any support or data-storage from the USA, they would have to come to Europe and with all the travel- and hotel-costs they are not cheaper again.
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Post by Swampy on Jan 12, 2013 1:22:49 GMT -5
Hmmm, there seems to be a debate on whether American manufacturing is making a comeback, because America's trade deficit in manufacturing is expanding even in high-end industries. Of course, America has always had a deficit, so this may mean nothing. I'll still say American manufacturing is on the comeback, but I'll be watching this debate. |
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