Sallie Mae to bring home 2,000 jobs from overseas, will anyone else follow this example

Sounds good. Now if I could just get a home loan!

Just stopping by to say Hello!!



Fantasy/Creatures Comments And Graphics

They shouldn't have been outsourced to begin with..... geez

Teresa A, I totally agree with you, but companies ahve gotten greedy and I think its overall helped worsen the economy.

Companies have been very greedy!! We need to get back to basics.

Is this why their CEOs/senor officers rate over $200 million in bonuses or was it the loss of over $400 billion the last few years? Which is it?

Given that the United States now owns Fannie Mae, I would think that it would be embarrassing to have any of the jobs outsourced overseas. It is my understanding there is also a movement afoot to stop the banks that got bailed out from seeking to import foreign skilled workers.

Malik Muhammad Arif


Objective:
To enhance my knowledge, communication skills and expertise by working in a multidisciplinary and dynamic organization and add my share in modern day media world

Personal Information:
Father’s Name: Allah Rakha
Date of Birth: 06-09-1978
N.I.C. No: 35202-5932967-1
Passport No: KE 442174
Marital Status: Married
Postal Address: Street No 45 House No 73 Qilla Lachman
Singh Ravi Road Lahore. Postal Code: 54000
Cell No: 0322-4177589, 0300-4461535
Email: wilcomdesigner@yahoo.com
wilcomdesigner@gmail.com

Academic Qualifications:
Degree/Certificate Year Board/University
middle. 1996 Govt. Boy High School Lahore.
COMPUTER LITERACY
MS Office, Embroidery Designing, Inpage, Internet, installation and Troubleshooting

Work Experience:
Practical Designer:
Worked as Punching Designer In Z.J & Sons Embroidery ,Mali Pura Bund Road Lahore pakistan from 15-05-2005 to 09-10-2008
Worked as Punching Designer In Antall International Group (Asim Embroidery) ,Opp Coca Cola Gate Near Bijli Ghar Multan Road Lahore pakistan from 07-10-2007 to 16-11-2008
Worked as Punching Designer in Safder Embroidery Opp Bara Sanda near SkyShip Garments Bund Road Lahore pakistan from 22-09-2008 to 16-11-2008
Teaching:
M-S Office Classes at Click College, Canteen Stop Lower Mall Lahore pakistan from July 2004 to December 2004

Languages:
English, Urdu & Punjabi (can read, write and speak)

Awards:
Student of the Month Award in Click College Of Information Technology

Hobbies/ Interests:
Newspaper reading, Snooker, Internet Browsing, Games

References:
´ Sir Rashid
Senior Sketcher Hussein Embroidery Lahore,
´ Asim Antall
Director Antall International Group, Lahore
´ Shahid Hussein
Designer’s Incharge, Hussein Embroidery Lahore
´ Sheikh Khalid
Owner Khalid Embroidery Bund Road Lahore

hi,
my name is arif from Pakistan.i am embroidery digitizer in wilcom-9 i have 5 years experience in export factory (antall international) in Lahore.and also i have 2 years in sheet work.also i want job in general laboure please help me.my contact detail below.
email:-wilcom_des@yahoo.com
cell #:-0092-300-4461535

Charles, according to Fannie Mae they planned to give out bonuses so that people would STAY in their jobs which is now government controlled
Mooch

Mooch,

I'm pretty sure this was Sallie Mae, the student loan company, and not Fannie Mae.

Either way, we should give companies incentives like LOWER TAX RATES for keeping jobs here. Not a one time credit of a few thousand dollars, but a lower tax burden.

AC, I'm so tired, but you could very well be right, I'm just exhausted right now I'll have to check it out
But no matter I agree there should be a lower tax burden but to those who do go overseas, they should pay for every employee that is overseas.
mooch

Whichever it was, I'm glad they're bringing jobs home.

Hi Mooch. I just goggled the title to your article.

"Fannie Mae to bring home 2,000 jobs from overseas".

And to my surprise your article was listed on page #1 of the search results. Your reach may be further than even you realize.

Anyway, here's brief summary of the article you may have seen.

" By MICHELLE CHAPMAN, AP Business Writer Michelle Chapman, Ap Business Writer – Mon Apr 6, 4:02 pm ET

NEW YORK – Sallie Mae gave some hope to the unemployed Monday, announcing it will bring 2,000 jobs to the U.S. within the next 18 months as it shifts call center and other operations from overseas.

The move marks somewhat of a turnaround for the nation's largest private student lender, which two years ago was faced with the need to slash costs amid collapsing capital markets.

"We were at the point where we couldn't make a student loan at a profit," Chief Executive Albert L. Lord said during a conference call.

Sallie Mae quickly scuttled jobs overseas as part of a plan to save about $300 million over a 12-month period.

"The company had to re-engineer itself. It had to cut jobs and it had to move jobs. At least that's how we felt at the time," Lord explained.

Once the cost cuts were made, Sallie Mae started to look into returning those positions to the U.S.

The impending influx of jobs is welcome news to the country's unemployed, whose numbers have climbed past 13 million. The jobless rate — which hit 8.5 percent last month — is expected to reach 10 percent by year's end.

Sallie Mae plans to return its 2,000 jobs to the U.S. by October 2010, with 600 of those positions on tap for its Wilkes-Barre, Pa. facility.

I hope this trend continues and more and more outsourced jobs begin returning to the United States.

We've made hugh sacrifices for the Global Economy. Now it's time for us to reap some of the benefits.

Malik Muhammad Arif


Objective:
To enhance my knowledge, communication skills and expertise by working in a multidisciplinary and dynamic organization and add my share in modern day media world

Personal Information:
Father’s Name: Allah Rakha
Date of Birth: 06-09-1978
N.I.C. No: 35202-5932967-1
Passport No: KE 442174
Marital Status: Married
Postal Address: Street No 45 House No 73 Qilla Lachman
Singh Ravi Road Lahore. Postal Code: 54000
Cell No: 0322-4177589, 0300-4461535
Email: wilcomdesigner@yahoo.com
wilcomdesigner@gmail.com

Academic Qualifications:
Degree/Certificate Year Board/University
middle. 1996 Govt. Boy High School Lahore.
COMPUTER LITERACY
MS Office, Embroidery Designing, Inpage, Internet, installation and Troubleshooting

Work Experience:
Practical Designer:
Worked as Punching Designer In Z.J & Sons Embroidery ,Mali Pura Bund Road Lahore pakistan from 15-05-2005 to 09-10-2008
Worked as Punching Designer In Antall International Group (Asim Embroidery) ,Opp Coca Cola Gate Near Bijli Ghar Multan Road Lahore pakistan from 07-10-2007 to 16-11-2008
Worked as Punching Designer in Safder Embroidery Opp Bara Sanda near SkyShip Garments Bund Road Lahore pakistan from 22-09-2008 to 16-11-2008
Teaching:
M-S Office Classes at Click College, Canteen Stop Lower Mall Lahore pakistan from July 2004 to December 2004

Languages:
English, Urdu & Punjabi (can read, write and speak)

Awards:
Student of the Month Award in Click College Of Information Technology

Hobbies/ Interests:
Newspaper reading, Snooker, Internet Browsing, Games

References:
´ Sir Rashid
Senior Sketcher Hussein Embroidery Lahore,
´ Asim Antall
Director Antall International Group, Lahore
´ Shahid Hussein
Designer’s Incharge, Hussein Embroidery Lahore
´ Sheikh Khalid
Owner Khalid Embroidery Bund Road Lahore
hi,
my name is arif from Pakistan.i am embroidery digitizer in wilcom-9 i have 5 years experience in export factory (antall international) in Lahore.and also i have 2 years in sheet work.also i want job in general laboure please help me.my contact detail below.
email:-wilcom_des@yahoo.com
cell #:-0092-300-4461535

Sorry, My Bad, on Fannie Mae, i saw it yesterday on Mturk, and like you say I truly hope the trend continues, it needs to because I truly think its one way to help the economy and the US out of recession.

Yay! Sally Mae may lead the way. I'm one whose job has been shipped overseas. I was a medical transcriptionist. I agree those folks need jobs. So, instead of sending my transcription job over there, build them hospitals and let them transcribe the notes from their country while improving the healthcare of their countrymen. Sending our jobs over there doesn't really improve the whole country, it usually just makes the rich richer without helping the poor.

I seriously doubt that any private companies will follow suite. Instead, I predict these companies re-incorporating themselves overseas to even save on taxes.

Stopping by to say