June 6, 2013 / 12:45 PM / in 4 years

Mortgage insurer Genworth to cut 400 jobs

June 6 (Reuters) - Mortgage insurer Genworth Financial Inc said it will cut 400 jobs to reduce costs by $80 million to $90 million a year.

The company, which has about 5,800 employees, will take a charge of $15 million to $20 million in the second quarter related to the cuts.

The 400 job cuts include 150 positions that will not be filled.

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