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Washington Mutual to Cut 2,500 Jobs
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| Parent(s) |
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| Contributor | RP |
| Last Edited | RP Jul 23, 2004 06:08pm |
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| Category | General |
| Media | Website - Yahoo News: Iran |
| News Date | Thursday, July 22, 2004 06:00:00 AM UTC0:0 |
| Description | Washington Mutual Inc. said Thursday it will cut 2,500 jobs and close operations across the country as it tries to improve its struggling mortgage business.
The Seattle-based banking company said it plans to eliminate about 1,840 jobs as it closes approximately 100 retail lending and loan processing offices. The rest of the jobs will be eliminated when the company closes a mortgage loan processing facility in San Antonio.
The company said it expects to close most of the offices by the end of September, and the job cuts should be completed by the end of the year. |
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