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  • ResCap To Cut 3,000 Jobs

    The fallout from the mortgage meltdown continued today as ResCap, a division of GMAC Financial Services, announced that it will be restructuring its mortgage operations. The restructuring will result in the loss of 25% of its 12,000 person workforce, or 3,000 jobs total. Rescap has stated that the majority...
    Posted to MND NewsWire (Weblog) by Glenn Setzer on Wed, Oct 17 2007
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