Banks OK job outsourcing

"The highly profitable banking sector became the first industry in the Philippines to acknowledge and legitimize labor outsourcing, a significant development in the labor front that will affect thousands of jobs.

The Bangko Sentral and the Labor Department approved a resolution by the newly formed Banking Industry Tripartite Council adopting the banking industry voluntary code of good practice on dispute settlement and outsourcing/subcontracting of certain banking functions."

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Web-link: http://www.manilastandardtoday.com/insideBusiness.htm?f=2011/december/3/business...
Source: Manilla Standard
Language: English
Contact: Roderick T. dela Cruz