Saturday, February 7, 2009

U.S curbs bank on hiring foreign workers

Hi guys.The U.S. senate on Friday voted to restrict the hiring of foreign workers by banks that receive government bail out money while undergoing vast lay offs.
The legislation by Senators Bernie Sanders, an independent and republic Charles Grassey will require the banks to seek American workers before turning to hiring of foreigners working under the H-1 B visa program me,which allows employers to bring workers for high skilled and advance degree jobs.The measure has a two year life and if signed into law it would apply to more than 300 banks receivingmoney from the tax payer fund troubled Asset relief programme.
Hope this is great threat to the H 1 B vias employers

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