aint dis a byatch:Sallie Mae to shift 2,000 jobs to U.S. fro

[evanovitch]

Sallie Mae to shift 2,000 jobs to U.S. from overseas

NEW YORK (Reuters) - Student loan company Sallie Mae plans to move <span style="font-weight: bold">its overseas operations back to the United States</span>, creating 2,000 domestic jobs, in what analysts called an attempt to curry favor with the Obama administration.

SLM Corp, as the company is legally known, said on Monday it plans to add staff over the next 18 months in call centers, information technology and operations support across the United States. A spokeswoman said <span style="font-weight: bold">the company will pull jobs from India, Mexico and the Philippines</span>.

The move will cost about $35 million per year, Chief Executive Albert Lord said at a press conference attended by Rep. Paul Kanjorski and Sen. Robert Casey, both Democrats from Pennsylvania, where the new jobs will be located.

&quot;We have reversed our decision to move people offshore,&quot; Lord said at a press conference at the company's facility in Wilkes-Barre, Pennsylvania, which will gain 600 new jobs.

Analysts called the move a bid to build political capital in Washington as the Obama administration plots major changes to the student loan market.

[RichD]

Re: aint dis a byatch:Sallie Mae to shift 2,000 jobs to U.S. fro

wonder if it will start a trend

[evanovitch]

Re: aint dis a byatch:Sallie Mae to shift 2,000 jobs to U.S. fro

so u notice dat in alll di chatting bout bailouts etc, nutten no seh bout moving jobs bak onto US soil? an now, dem a admit dat dere is no oversight in juss how all dem banks a use di money whe dem get....tawk bout di leff hand <span style="font-weight: bold">still</span> no know wat di right hand a do....

[Dr.Dudd]

Re: aint dis a byatch:Sallie Mae to shift 2,000 jobs to U.S. fro

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">so u notice dat in alll di chatting bout bailouts etc, nutten no seh bout moving jobs bak onto US soil? an now, dem a admit dat dere is no oversight in juss how all dem banks a use di money whe dem get....tawk bout di leff hand <span style="font-weight: bold">still</span> no know wat di right hand a do.... </div></div>Both Citi and Bank of America have large staff compliment in India.Not only that,the division that employ them os registered in Cayman They claim that it is to be comoetitive. because all the other foreigbn companies that are alloweed to do business and copmpete agains them here have their staff in foreign low paying countries.
Ever wonder wher banks like ING have their staff?? Did you know that GM wages use to be done in Jamaica?? Probably still does,who knows?
That may be why pernel waas saying that Jamaican workers would benefit from the stimulation.

[evanovitch]

Re: aint dis a byatch:Sallie Mae to shift 2,000 jobs to U.S. fro

di guy in Ja sell di call centre ting fi multi millions di odda day....mek a nice profit awffa it....mi no memba is juss who buy it but mi no tink is a Jcan still....so future profits will leave per usual

[Dr.Dudd]

Re: aint dis a byatch:Sallie Mae to shift 2,000 jobs to U.S. fro

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">di guy in Ja sell di call centre ting fi multi millions di odda day....mek a nice profit awffa it....mi no memba is juss who buy it but mi no tink is a Jcan still....so future profits will leave per usual </div></div> Bought by an American company, with offices in cayman. So th eprofits won't even toudh either Jamaica or the USA. thes wepeople make capitalism look so bad, They must be communists in disguise.