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Minnesota-based firm to shutter Iowa office, cut 95 jobs

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About 95 workers in northern Iowa are looking for a new job. Vadnais Heights-based I.C. System Inc., which provides accounts receivable management services, has decided to close its Mason City branch after more than two decades in the community, the Globe Gazette reports.

The company's president blames downturns in the economy for the reason not to renew its Mason City lease and consolidate operations. The closure will be complete by June 30.

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