Whitewater closing leaves 116 out of work
WHITEWATER--A Whitewater credit collections agency says the government takeover of student loans and ailing financial market contributed to its closure this week, leaving 116 people out of work.
Sallie Mae in Whitewater closed Monday, marking the second major layoff in the city over the last month. In early October, Trostel Ltd., which designs and manufactures custom seals and molded rubber products, announced 87 permanent layoffs beginning in December.
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