Labor & Economic News Blog
Wednesday, October 25, 2006
Countrywide to Cut Jobs
Countrywide to Cut JobsBy THE ASSOCIATED PRESS
CALABASAS, Calif., Oct. 24 (AP) Countrywide Financial, the nation's largest mortgage lender, said on Tuesday that it would cut its work force by more than 2,500, or about 5 percent, even as growth in its loan servicing portfolio pushed its third-quarter profit up 2 percent.
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