Labor & Economic News Blog
Friday, September 07, 2007
Countrywide to Cut Up to 12,000 Jobs
Countrywide to Cut Up to 12,000 JobsStruggling mortgage lender Countrywide Financial Corp. will cut as many as 12,000 jobs in a bid to slash costs and cope with soaring foreclosures and defaults, the company said Friday. The cuts, amounting to as much as 20 percent of its work force, are...
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