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Congresswoman Axne says corporations mislead foreign hiring in annual reports

Iowa Congressman Cindy Axne says in debate on her bill requiring employee displacement disclosure to the SEC that Wells Fargo had laid off at 400 workers in her district claiming it was due to technological advancements but dozens of laid-off workers were directed to trained replacements overseas and across the country corporations were shipping jobs overseas, leaving American workers high and dry to benefit their bottom line but worse yet, they were not required to disclose in their annual reports where jobs were relocated, making it easier for them to hide moving jobs overseas and making it easier for them to deceive the public about inaccurate job creation for instance hiring back in India where in reality hard-working Iowans might be left unemployed wondering how they could pay their bills.
Iowa Congressman Cindy Axne says in debate on her bill requiring employee displacement disclosure to the SEC that Wells Fargo had laid off at 400 workers in her district claiming it was due to technological advancements but dozens of laid-off workers were directed to trained replacements overseas and across the country corporations were shipping jobs overseas, leaving American workers high and dry to benefit their bottom line but worse yet, they were not required to disclose in their annual reports where jobs were relocated, making it easier for them to hide moving jobs overseas and making it easier for them to deceive the public about inaccurate job creation for instance hiring back in India where in reality hard-working Iowans might be left unemployed wondering how they could pay their bills.
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Restrictions:
May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing, or cast discredit on or dishonor any member of the U.S. House of Representatives or U.S. Senate, or bring the House or Senate or any Member into disrepute.
Credit:
FedNet / Getty Images
Editorial #:
1181932753
Collection:
FedNet
Date created:
October 18, 2019
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License type:
Rights-ready
Release info:
Not released.ÌýMore information
Clip length:
00:01:09:05
Location:
Washington, DC, United States
Mastered to:
QuickTime 8-bit H.264 HD 1280x720 30p
Source:
FedNet
Object name:
hflr101819c.mov