Washington Mutual to Cut 2,500 Jobs
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Washington Mutual Inc. said it would eliminate 2,500 jobs and close operations across the country while trying to improve performance at its struggling mortgage business.
The Seattle-based banking company said it planned to eliminate about 1,840 jobs and close 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.
Washington Mutual shares fell 40 cents to $39.10 on the New York Stock Exchange.
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