GMAC to cut 5,000 jobs, close all 200 retail offices
GMAC Financial Services said it was cutting 5,000 jobs at its ResCap mortgage lending subsidiary, or 60 percent of the staff, and closing all 200 GMAC Mortgage retail offices.
Mail and logistics company Deutsche Post AG says it will cut 9,500 jobs and close all of its DHL express service centers in the US amid heavy losses in the market there.