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Matsui Securities to scrap retirement allowance system.

Publication: Japan Weekly Monitor
Publication Date: 31-DEC-01
Format: Online - approximately 214 words
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Dec. 26 Kyodo

Leading online brokerage Matsui Securities Co. said Wednesday it will abolish on April 1 the system of paying allowances when employees retire as part of its restructuring efforts to establish a merit-based salary structure.

Matsui, which became the first online broker to be listed on...

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