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N.Y. Reaches Out to Laid Off AHM Employees

State's labor department offers resources to unemployed workers

August 10, 2007

By MortgageDaily.com staff

More help has arrived for former employees of bankrupt American Home Mortgage Investment Corp.

A plan to aid workers recently laid off by the Melville, N.Y.-based lender was announced by the New York State Department of Labor today.

More than 1,400 employees reportedly became unemployed in the state when the company collapsed earlier this week.

The state said it will work with regional workforce development partners and focus its resources on Long Island to speed assistance to the displaced workers. The effort will include a special recruiting event, career counseling and help with resume preparation. The state will also help with job placement and training assistance as well as identifying developing fields and expanding industries.

Earlier this week, IndyMac Bancorp told MortgageDaily.com it is hiring hundreds of former American Home employees.

"We have made offers of employment to a number of people who were formerly with American Home Mortgage and we are hiring some of their former people around the country," an IndyMac spokesman said.

The state recommended former workers visit the Web site of America's Job Exchange or visit local One-Stop Career Centers throughout the state where they can use computers, telephones and fax machines for job searches.

"We have a wide range of expertise and free services available to these workers, from unemployment benefits filing, to retraining programs to employment counseling," New York's labor commissioner M. Patricia Smith said in the statement.

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