Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Canada Examines RBC’s Use of Foreign Workers

April 7 (Bloomberg) -- The Canadian government said it is examining whether the Royal Bank of Canada broke immigration rules by hiring foreign workers to replace domestic employees.

RBC, Canada’s largest bank by assets, fired “dozens” of staff in its investors services group and replaced them with individuals under contract with iGATE Corp., the CBC television network reported on its website. One of the employees being replaced told the network the new workers were from India.

Human Resources Minister Diane Finley said in an e-mailed statement that replacing domestic employees with foreign workers would be “unacceptable.”

RBC said in a statement today that the bank hasn’t hired temporary foreign workers to “take over the job functions of current RBC employees.”

“RBC agreements with suppliers, including in this case iGATE, requires them to ensure that they are abiding by the applicable laws and regulations,” Greg Grice, head of Enterprise Services and chief procurement officer, said in the statement.

A spokesman for Fremont, California-based iGate didn’t immediately respond to an e-mailed request for comment sent outside normal business hours.

Canada’s temporary foreign worker program isn’t intended to replace Canadian employees with foreigners, Finley said. “When there are jobs available, Canadians must always be the first in line for opportunities from employers who are hiring.”

Finley said her officials are working with immigration authorities to “determine the next steps.”

To contact the reporter on this story: Andrew Mayeda in Ottawa at amayeda@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.