Economic incentives have gone too far when companies whose primary job is to outsource American jobs are getting tax breaks from the state of North Carolina. Today, HCL Technologies announced that it was expanding its operations in Wake County, with the intention of creating 513 jobs. In return, HCL will be rewarded with a state grant worth as much as $5.07 million.
According to Governor Mike Easley (D), "These jobs are a good fit for our economy and critical to the 513 families who will benefit from them." Easley seems oblivious to the fact that many of these jobs are going to be devoted to outsourcing American jobs.
Reads HCL's website: "Having made a foray into the global IT landscape in 1999 after its IPO, HCL Technologies focuses on Transformational Outsourcing, working with clients in areas that impact and re-define the core of their business."
Translation: HCL's core business is outsourcing American jobs. Current clients include Boeing and Merck, which recently built a vaccine plant in Durham.
Approximately 3,000 of HCL's 55,000 employees actually work in the United States. And, again, their main job is to convince American companies to outsource and offshore American jobs. As for those 513 jobs being created in North Carolina, how many are going to go to H1-b and L-1 guest workers from India and elsewhere?
HT: Ron Woodard of NC Listen
And they are a direct competitor to a business already located in North Carolina, employing North Carolinians -- Accenture Consulting in Charlotte.
Posted by: Chris | August 05, 2008 at 06:10 PM
Outsourcing is subcontracting a process, like product design or developing to a third-party company.The decision to outsource is often made in the interest of lowering cost or making better use of time and energy costs, redirecting energy directed at the competencies of a particular business, or to make more efficient use of land, labor, capital, technology and resources.
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