One of the big Swiss banks, Credit Suiss, has just informed 58 of it's IT specialists that they are now employed by an Indian company. If they don't want to work for HCL Technologies, then they no longer have jobs. This takes effect at the end of this month.
I'm not even sure this is legal - Switzerland normally requires a minimum of 3 months notice. Probably the CS lawyers have found some loophole or other, like "selling" a whole department or something.
The bank has stated that the employees will receive HCL contracts for "at least 12 months". Which probably also means "at most" 12 months, because no Indian company wants expensive Westerners on its books any longer than necessary.
Of course, CS is a really good bank if you're in top management. Top management rakes in the bonuses, no matter how poorly the bank performs.
[ Originally reported by TagesAnzeiger (German), which stated the number of employees impacted as 100. -Ed.]
(Score: 3, Insightful) by Anonymous Coward on Tuesday July 04 2017, @11:56PM (2 children)
Not all of us went through exactly this 6 months ago.
I think it's important to document it when an organization abuses IT professionals.
It seems to be a big mystery to the 1%ers and their propaganda department, the mass media, why certain demographics don't flock to careers in IT. It must only be because assigned males who work in IT are just terrible, horrible, no good, very bad people.
(Score: 0) by Anonymous Coward on Wednesday July 05 2017, @02:08PM (1 child)
Okay, I can't tell if this is Kuranai or RealDonald.
(Score: 0) by Anonymous Coward on Wednesday July 05 2017, @03:00PM
well it didn't bring up "womyn-born-womyn" or "assigned at birth" so probably not kurenai