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CORPORATE CUTBACKS EXPECTED TO CONTINUE NEXT YEAR

 NEW YORK, Dec. 22 /PRNewswire/ -- Despite signs of an improving economy, employee cutbacks are expected to continue and perhaps even increase in 1993, according to an annual forecast by nationwide outplacement consulting firm Lee Hecht Harrison. "We don't foresee a decline in layoffs and believe they may even rise somewhat," said firm President Steve Harrison.
 Anticipated employee reductions are likely to result from ongoing streamlining and rightsizing to increase company efficiency and competitiveness, predicts Harrison. "Many of the firms we work with are restructuring their basic businesses and management is continuously looking at job performance, consolidating positions and taking steps to improve their bottom line," said Harrison.
 Harrison said some trends are evident as outplacement firms respond to changing company and employee needs:
 -- a growing number of laid-off employees will receive outplacement assistance at "career centers," sometimes located on a company's premises and staffed by professional career consultants.
 -- Some outplacement firms are intensifying and expanding their efforts to develop market intelligence and actual job leads for the people with whom they work.
 -- There is a continuing emphasis on helping people explore and pursue a wide variety of self-employment options.
 -- More companies are requesting career management programs for retained employees. These services help employees take greater control over their careers by confidentially exploring job and skills matches, mobility opportunities and other career issues.
 Outplaced corporate executives continue to face a difficult job market, said the consultant. Laid-off managers earning between $60- $100,000 will probably need an average of six to eight months to find new employment.
 Although switching careers, by necessity, has become increasingly common for people outplaced, the majority still remain in their area of expertise and achievement, said Harrison. More, however, are finding new employment with smaller companies, which are creating more jobs than larger corporations. "Smaller firms are also attractive because they offer a more entrepreneurial atmosphere and allow experienced managers to put into play their versatility, letting them wear more hats."
 Lee Hecht Harrison was established in 1974 and is headquartered in New York City. The firm provides a range of career management services including executive outplacement, large group project consulting, executive coaching, and career development. Lee Hecht Harrison has offices throughout the United States.
 -0- 12/22/92
 /CONTACT: Steve Harrison, president of Lee Hecht Harrison, Inc., 212-557-000, or Laura Morrison of Philip G. Ryan Inc., 212-206-0033, for Lee Hecht Harrison, or 9/


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Date:Dec 22, 1992
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