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Citigroup accused of ‘recessionary’ sex bias

090526_citigroup1.jpgIn a textbook illustration of the perils of downsizing, a group of female executives has filed suit against beleaguered banking giant Citigroup, charging the bank’s layoffs hit women executives harder than men. That, attorney Douglas Wigdor told Forbes.com, is “recessionary discrimination.” Wigdor filed suit with the EEOC on behalf of five female executives who claim Citigroup axed them while retaining less-qualified men. According to the suit, 45% of top executives laid off from the bank’s public finance department were women, although the department was only 12% female. Image source: damsel.typepad.com > Continue

Publication: Covalence in the News | Country: Global | Company – EthicalQuote link: Citigroup | Source: businessmanagementdaily.com

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