NYT :: Business

GMAC Plans to Cut 5,000 Jobs at Mortgage Unit

The job cuts at GMAC?s Residential Capital mortgage unit will affect about 57 percent of ResCap?s work force. GMAC also said it will close all 200 GMAC Mortgage retail offices.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/09/04/business/04gmac.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/09/04/business/04gmac.html" border="0"/></a></span>