GMAC's ResCap mortgage unit to cut 3,000 jobs

Story date: 2007-10-17 03:06:00
Added on: 2007-10-17 19:00:47

Reuters - By Jonathan Stempel NEW YORK (Reuters) - Residential Capital LLC, the mortgage unit of GMAC Financial Services, said on Wednesday it will eliminate 3,000 jobs, or 25 percent of its work force, to cope with the U.S. housing downturn. The second ...


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