1340 AM, Tuesday, October 7th, 2008
J.P. Morgan Chase Dropping 100 Workers By May
Last updated on Saturday, March 29, 2008
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(INDIANAPOLIS) - J.P. Morgan Chase in Downtown Indianapolis let about 100 workers know Friday they’ll be out of a job by May.
Chase is cutting staff in the company's home-equity lending division. The reason for the cuts according to Chase is the mortgage slowdown across the nation.
Chase's home equity business began to show a sharp decline in the second half of 2007.
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