GMAC subsidiary Semperian LLC will lay off 45 employees in its Knoxville, Tenn., office by yearend in a move to “reduce costs and gain efficiencies,” GMAC spokesman Mike Stoller told the Knoxville News Sentinel. About 300 employees will remain.
Loan-servicer Semperian has locations in Arizona, Colorado, Connecticut, Florida, Michigan, Minnesota, Missouri, North Carolina, Oregon, and Texas. The Knoxville office, which opened in 2002, provides collection and customer support services for GMAC’s low- and medium-risk loan collection activities, plus accounting and other services.
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Even though it seems clear that dealers’ rights are being violated, the judges will rubber stamp all of the government’s initiatives and the appeals will fail. Is this the beginning of socialism?