Insurers are in BIG TROUBLE!

Insurers are in BIG TROUBLE! - Part 2

Date: Thursday, May 08, 2003 12:02 PM

JOB DESTRUCTION NEWSLETTER

www.ZaZona.com

TORAW at http://www.toraw.org/ scored once again.

I sure wish I could be invited for today's emergency meeting at Cigna's
HR department. It might not be summer yet, but I'll bet they are
sweating bullets trying to figure out how to hide their H-1Bs.

The interviews with TORAW's president, Bauman, and VP, Pace were right
on target.

This TV news story is now available for online video. Follow these
steps:

1 - Go to http://www.nbc30.com/nbc30/2190071/detail.html
2 - Click on the "Feedroom" link in the left column
3 - Your browser should load the vide
4 - enjoy!

http://www.nbc30.com/nbc30/2190071/detail.html

30 Investigates: IT Companies Send Jobs Overseas

POSTED: 10:59 a.m. EDT May 8, 2003

WEST HARTFORD, Conn. -- They live in Connecticut, but can't work here
and it may be company policy at one major insurance firm.

The NBC 30 Investigative Team uncovered a confidential memo that shows
why unemployed white-collar computer consultants are losing out to
cheaper foreign competition.

30 Investigates found that many of those workers are angry because
Connecticut companies are outsourcing much of their technology and
customer service work to foreign companies with the goal of reducing
costs and increasing profits.

Numbers from the Connecticut Department of Labor show that there are
more than 70,000 non-immigrant workers in Connecticut.

NBC 30 found that the giant Connecticut-based insurance company, Cigna,
is turning many of its technology jobs over to the Indian firm, Satyam,
and firing local workers.

For the complete story on this NBC 30 Investigative report, click to
the Video box at left.

For the latest news, stay tuned to NBC 30 Connecticut News and
NBC30.com

Help to Keep ZaZona.com Online

Donate to the Cause at
http://www.zazona.com/Donations.htm
To Subscribe or Unsubcribe send an email to

Back to archives