UPDATE 2-GMAC to cut 5,000 jobs at ResCap mortgage unit - Reuters

Story date: 2008-09-03 12:55:00
Added on: 2008-09-03 18:50:19

NEW YORK, Sept 3 (Reuters) - GMAC LLC plans to eliminate about 5,000 jobs at its Residential Capital LLC mortgage unit and close all 200 GMAC Mortgage retail offices to combat weak housing and credit markets, the company said on Wednesday. The job ...


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