GMAC announces layoffs, office closures

GMAC Real Estate said in a statement that it will eliminate about 50 support staff and management positions and reassign about 150 sales associates in closing 15 company-owned offices in New Hampshire and Massachusetts.

Company officials did not respond to questions Monday about its plans for operations in other states.

The terminations and office closures are "an effort to increase efficiencies, better deploy resources and enhance its customer service," according to the company statement.

The regional consolidation will leave 35 GMAC Real Estate offices in the region.

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