GMAC Rescap announced plans today to close the San Diego Servicing site, as well as other lesser consolidations. It expects that the “reduction in force” to come to 800 jobs, plus 200 current openings that will not be filled.
Remember that GM has been finalizing GMAC’s sale, so I expect that this is why the cuts are coming sooner, rather than later. I expect many more companies in the industry to be announcing layoffs. And for companies with multiple sites, the California site are usually first to go.
