Wednesday, June 18, 2008 5:23 pm | 
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Citigroup offers 1,350 consumer finance employees early retirement
Citigroup Inc. offered 1,350 employees at its consumer finance unit in Japan early retirement with two months’ pay as the company withdraws from the business, a proposal the workers’ union called unacceptable.
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While low-cost carriers have since long been successfully operating throughout the U.S., Europe, and southern Asia, Japan has seen very little of the low-price action.
