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Japan Post Holdings Co. has received a proposal by a group company to cut 10,000 jobs, as the scandal-hit company seeks to offset deteriorating earnings in the financial business by slashing labor costs, a source close to the matter said Monday.

Japan Post Bank Co., a unit of the former state-owned postal and financial giant, is eyeing the dismissal of 10,000 post office workers, or 5 percent of the total workforce at Japan Post Co., another unit of the group, the source said.

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