TORONTO, April 7, 2013 /CNW/ - 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. Like most
businesses, RBC works with many suppliers to provide certain products and
services in Canada and globally.
"RBC agreements with suppliers, including in this case iGATE, requires them to
ensure that they are abiding by the applicable laws and regulations," said
Greg Grice, head of Enterprise Services and chief procurement officer.
"External suppliers allow us to leverage their scale and technical skills to
continually improve our operational processes and service, and re-invest in
initiatives that enhance the client experience."
Initiatives that impact our employees are always difficult. When employees are
affected, we work with them to find new roles that match their skills and
interests and the bank's business requirements. In instances where this is not
possible, we provide affected employees with assistance to support them in
their career transition.
"We recognize the impact of this situation on our employees and we continue to
remain focused on assisting our employees through this transition. We are
working diligently to find suitable roles for those affected and it is our
hope over the next few months to transition them to other positions," said
Zabeen Hirji, chief human resources officer, RBC. "RBC continues to create
jobs in many areas of the organization and has a track record of retraining
and redeploying our staff."
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under
the master brand name RBC. We are Canada's largest bank as measured by assets
and market capitalization, and are among the largest banks in the world, based
on market capitalization. We are one of North America's leading diversified
financial services companies, and provide personal and commercial banking,
wealth management services, insurance, and investor services and wholesale
banking on a global basis. We employ approximately 80,000 full- and part-time
employees who serve more than 15 million personal, business, public sector and
institutional clients through offices in Canada, the U.S. and 49 other
countries. For more information, please visit rbc.com.
RBC supports a broad range of community initiatives through donations,
sponsorships and employee volunteer activities. In 2012, we contributed more
than $95 million to causes worldwide, including donations and community
investments of more than $64 million and $31 million in sponsorships.
Media Contact: Rina Cortese, RBC Media Relations, 416-974-5506
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CO: Royal Bank of Canada
NI: FIN LABOR LBR
-0- Apr/07/2013 17:41 GMT
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