|CEO Gordon Nixon, 12.6 million dollar man|
The Royal Bank of Canada (aka RBC) is responding to public complaints that spread rapidly following reports the bank will be terminating Canadian staff who are training temporary foreign workers to take over their jobs. This is like the condemned being forced to clean and load weapons for their firing squad.
The bank’s response is as believable as Premier Christy Clark’s claim that 400 million people witnessed the Times of India film awards that cost BC taxpayers $11 million this week. About 30,000 people saw the pre-election show at BC Place but we don’t know where the other 399,970,000 viewers were since the show was not broadcast. The Times of India, an English language publication, did not mention British Columbia in its Sunday online report.
However, I digress. Back to the RBC, which should be stung by thousands of customers fleeing from their greedy clutches, beginning first thing Monday morning.
The bank’s response begins like this:
RBC wants to address media reports and provide clarification. Contrary to allegations, RBC has not hired temporary foreign workers to take over the job functions of current RBC employees.
No, what they did was hire a company who hired temporary foreign workers to take over the job functions of current RBC employees. However, being honest about that would admit that critics and complainers have been correct.
When the last Canadian employee is sent packing, perhaps the exodus will include CEO Gordon Nixon. If he spent his wages in India, he could find a little place where he would not be bothered by RBC employees. A modest little home like the one that houses the Maharaja of Marwar-Jodhpur:
While RBC and the other Big Six of Canadian banking pay zero allegiance to their non-executive employees, Vancity, Canada’s largest credit union, is a Living Wage Employer. The organization provides its lowest paid people about twice British Columbia’s minimum wage of $10.25 per hour.
All of Vancity’s service providers do the same, having agreed to recognize the social and economic benefits of paying a living wage. Low wages have contributed to BC having the highest child poverty rate in Canada and 25% of couples with children in Greater Vancouver live below the Living Wage level.