Six current and former female employees sued Citigroup on Wednesday, accusing it of being an “outdated ‘boys club’” that systematically discriminates against women at all levels of the bank.
The women contend that Citigroup fails to compensate female employees as much as their male counterparts, overlooks them for promotions and is more inclined to part ways with them in company-wide layoffs, according to the complaint, which was filed in United States District Court in Manhattan.
“The outdated ‘boys club’ is alive and well at Citigroup where women are denied equal terms and conditions of employment that are provided to similarly-situated male employees,” the lawsuit said. “As a result of this ‘boys club,’ men dominate the senior ranks of Citigroup’s management and executive positions.”
Five of the six women who brought the suit worked in the public finance department within the bank’s municipal securities division and were among those laid off in November 2008, when Citigroup cut more than a tenth of its work force in the midst of the financial crisis. The sixth woman, who currently works in the asset finance group within Citigroup’s capital markets origination division, contends she was demoted after returning from maternity leave and also has faced numerous offensive comments in the workplace.
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Lawsuit Accusing Citigroup of Bias Against Women
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