The largest bank in the United States, Citigroup Inc., reduce 52,000 employees worldwide, at least 1,000 people came from the broker units retailer in Japan. Japan's NHK reported early retirement at Nikko commence this morning.
Employees of 7,000 people at Nikko Cordial Securities Inc., became the first employee of Citigroup dismissed the deadline on 8 December 2008.
Atsuko Yoshitsugu, Citigroup spokesman in Tokyo said in the memo, Citigroup President Eiji Watanabe, a person familiar with the situation at this time, Nikko Cordial offered to give their employees the retirement age above 40 years old on 21 November 2008. Offer early retirement, including the payment of salaries to two years.
Vikram Pandit, Chief Executive Officer of Citigroup plans to reduce about 1 / 7 unit of credit in the world, so dismiss 352,000 workers and selling assets after a loss of more than U.S. $ 67 billion from the credit crisis in the U.S.. Companies have cut employees in the unit of investment bank and consumer financing in Japan and sell the unit trust local banks.
Bank based in New York, the funds also receive assistance to rescue (bail out) from the U.S. government worth U.S. $ 45 billion, and spend 1.6 trillion yen (U.S. $ 17 billion) for the maker Nikko Cordial in the past year.
Employees of 7,000 people at Nikko Cordial Securities Inc., became the first employee of Citigroup dismissed the deadline on 8 December 2008.
Atsuko Yoshitsugu, Citigroup spokesman in Tokyo said in the memo, Citigroup President Eiji Watanabe, a person familiar with the situation at this time, Nikko Cordial offered to give their employees the retirement age above 40 years old on 21 November 2008. Offer early retirement, including the payment of salaries to two years.
Vikram Pandit, Chief Executive Officer of Citigroup plans to reduce about 1 / 7 unit of credit in the world, so dismiss 352,000 workers and selling assets after a loss of more than U.S. $ 67 billion from the credit crisis in the U.S.. Companies have cut employees in the unit of investment bank and consumer financing in Japan and sell the unit trust local banks.
Bank based in New York, the funds also receive assistance to rescue (bail out) from the U.S. government worth U.S. $ 45 billion, and spend 1.6 trillion yen (U.S. $ 17 billion) for the maker Nikko Cordial in the past year.
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