Home lender to trim work force by 25 percent

Story date: 2007-10-17 10:27:00
Added on: 2007-10-17 23:48:51

MSNBC - MINNEAPOLIS - GMAC Financial Services said on Wednesday it would cut about 3,000 jobs, or 25 percent of the work force at its Residential Capital LLC mortgage operation. It blamed the cuts on "sharp downturns in the U.S. residential real estate ...


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