Layoffs announced at Canada's largest bank

Around forty-five workers at Canada’s largest bank will soon be out of work.

According to CBC News, the RBC employees have been told their jobs will be terminated as of April 30^th.

Affected employee Dave Moreau says the new employees are all being brought in from India, reportedly from the California-based iGate Corporation. 

And he is wondering how they got work Visas.

The minister of Human Resources and Skills Development Canada said in a statement that if it’s true RBC is replacing Canadian workers with temporary foreign workers ... the situation is unacceptable.

Immigration Minister Jason Kenney said it’s against federal rules for any company to bring foreign workers into Canada temporarily if it leaves workers unemployed.

But in a statement yesterday, the RBC denied the reports that said they are hiring foreign workers in place of Canadian workers.

The feds have recently announced they are tightening rules for the Temporary Foreign Worker program because of criticism over foreigners taking jobs from Canadians.

Meanwhile, Moreau says him and the rest of his colleagues will be training the new foreign workers to do their jobs.

Flickr Photo by: mariacasa

STORY WRITTEN BY: KURT WEISS