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Nomura Banker Not Amused By Being Told She Was Better Suited For Housework, Boss Referring To Her Rack As "Knockers"

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Kidding, no one would ever use a term like that in the office. What the guy actually called them was "honkers." As previously discussed, Nomura's acquisition of Lehman's internal operations has not gone as smoothly as everyone had hoped. The Lehman employees are very difficult, all but refusing to submit to their new employer's way of doing things. Particularly the womenfolk. They spent the summer slutting it up in sleeveless shirts, and, despite being told, pointblank, that women exist to serve, they still just seem to not get it. So I guess it shouldn't come as a surprise that they'd raise a ruckus over pretty standard business practices like having their jugs referred to as "honkers" in front of colleagues, and it be suggested that their time would be better spent tidying up the house. What's next, panties in a bunch over being told to get back in the kitchen? And is "bazonkas" not okay anymore? (Serious questions.)

Maureen Murphy, 30, alleges that one woman trader had her breasts referred to as "honkers" during a meeting. She also claims that a male colleague at the bank said women "belonged at home cleaning floors".

Murphy, a senior analyst earning £55,000-a-year and Anna Francis, 37, had worked in Asian equities sales at Lehman Brothers in Canary Wharf before the bank collapsed in September last year. The two women were moved to Nomura as part of a buyout. Francis worked as an executive on £250,000-a-year including bonus. But the pair claimed at Central London Employment Tribunal that sexist Japanese company chiefs effectively sidelined them because they were women and not Japanese. Their barrister Michael Duggan told the tribunal: "This organisation is racist and sexist." In legal papers Murphy, who lives in Islington, alleges that one male client said to her colleague Melissa Holian: "Oh, you don't have your honkers out today."


Layoffs Watch '12: Nomura

The company is still in the firing phase of the rebuilding process. Nomura Holdings cut a team of London proprietary traders focused on stocks as Japan’s largest brokerage scales back in Europe, said two people with knowledge of the matter. The group of about five traders was part of Nomura’s Angel Lane Principal Strategies, a unit that makes speculative wagers on markets with capital provided by the Tokyo-based bank, according to the people, who declined to be identified because the job cuts haven’t been announced. The team departing this week was led by Anthony Medina, a volatility trader who used options to bet on fluctuations in the prices of stocks, the people said. The departures are part of Nomura’s plan to reduce costs by $1 billion, with almost half the savings coming from Europe. The revamp in strategy follows a four-year struggle to build a business overseas following the purchase of Lehman Brothers Holdings Inc.’s European and Asian units in 2008. Nomura Said To Cut Team Of Proprietary Traders Focused On Stocks [Bloomberg]

Layoffs Watch '12: Nomura

London employees are not the only ones being sat down for uncomfortable conversations. "FYI: Heavy cuts at Nomura across banking and equities today in the US as well."

Layoffs Watch '12: Nomura

Employees are said to be expecting something resembling a massacre tomorrow around 10 or so, depending on when people roll into the office. From the front lines: "Nomura London cuts happening tomorrow starting 10ish. It's going to be a bloodbath."