Option One Mortgage Corp. is laying off nearly 60 Texas employees, according to a Workers Adjustment and Retraining Notification letter the company issued to the Texas Workforce Commission this month. The job cuts are the result of the closing of a production facility, the notice indicated. The "difficult decision" to eliminate the positions is part of an expanded restructuring plan reported by Option One's parent in an 8-K filing with the Securities and Exchange Commission, a spokeswoman told
MortgageDaily.com.
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