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Nielsen Collects FL Tax Breaks, Then Outsources Jobs
theodp writes "The poop is hitting the fan over tax breaks given to ratings giant Nielsen Co., which pocketed millions in Florida jobs-creation tax concessions but has turned around and dismissed hundreds of local workers after inking a $1.2B outsourcing deal with Tata Consultancy Services of Mumbai. Lou Dobbs is on the case. Lou may go even more ballistic once he sees the Nielsen-Tata pact, which assures Nielsen that OT worries are a thing of the past ('there shall be no additional charge for overtime work'), allows Nielsen to have unsatisfactory Tata hires replaced within 4 weeks of starting with no charge for the original or re-performed work, gives Nielsen up to 6 man-weeks of free labor when a Tata worker is replaced, and allows Nielsen to make 'any TCS Resource' disappear with no more than 5 days notice if their presence 'is not in the best interests of Nielsen.' Nielsen execs have launched a PR counter-attack, pledging not to bully 85 year-old ladies in future layoffs. In a Letter to the Citizens, Nielsen CEO David L. Calhoun explained that Tata won a 'rigorous competition' to get the job, failing to mention that Tata was also tapped by Nielsen EVP Mitchell Habib in his CIO roles at both GE and Citigroup."
Uhm - wtf? my freak here again?
Let's see - company applies for massive tax credits, then fires everyone after receiving it, and outsourcing...
Yup - that sure smells of fraud alright... In order to get the money, you have to provide the jobs in Florida (AND KEEP THEM IN FLORDIA)...
Who is general failure, and why is he reading my hard drive?
If outsoursing won't work then it won't work however quite often it does work decently well. It seems to me like what you're really afraid of is that it is working and that soon you won't be able to fight it off with FUD.
The problem is that they are not playing fair either. India is extremely protectionist. All companies in India must be Indian controlled, Indians pay lower fees, the list goes on. They already have the "We got ours" attitude, why shouldn't we? Frankly they are the only ones in this entire situation that have a double standard.