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Controllers look for lower hiring levels.

An April survey of 3,500 members of the Institute of Management Accountants controllers council found pessimism over future hiring plans for their companies.

Only 12% of the controllers polled believed their companies would increase employment levels in the six months ending September 30, compared to 25% looking for an increase in February. Another 29% said there would be layoffs, up from 20% in February. The balance (59%) expected employment to remain steady, a slight increase over February's 55%.

Of the 12% expecting an increase in employment, 61% looked for gains in production line activities, 31% anticipated added clerical and administrative staff, with a mere 8% looking for more managers.

Of the 29% anticipating layoffs, 53% expected the cuts to come in clerical and administrative areas, 28% looked for declines in production line workers and 19% predicted management downsizing.
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Publication:Journal of Accountancy
Article Type:Brief Article
Date:Aug 1, 1992
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