Ameriquest Cuts 1500 Jobs

ACC Capital Holdings this month laid off employees across the country, spokesman Chris Orlando said.

Orlando did not disclose a number but confirmed it was not much over 50 employees.

“The group consisted of a small number of support positions that were part of our previously announced efforts to consolidate corporate functions,” he said.

The Orange, Calif.-based company announced 229 retail branch closures in May and the elimination of 3,800 jobs.

While the retail branch employees have been laid off, job cuts related to the consolidation of corporate functions are ongoing, Orlando said. He did not provide a time frame for completion because it was against company policy to comment on future plans of any kind.

In January, wholesale lending unit, Argent Mortgage Co., eliminated more than 600 employees. And in November 2005, ACC announced it had laid off 1,500 workers, or about 10 percent of its overall workforce of over 15,000 at the time.

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