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EMPLOYMENT LEVELS TO STABILIZE, SAY U.S. CORPORATE CONTROLLERS

 MONTVALE, N.J., July 29 /PRNewswire/ -- U.S. corporate controllers expect employment levels to stabilize over the next six months, according to a survey released today by the Controllers Council of the Institute of Management Accountants (IMA).
 IMA conducted a survey of 2,500 members of its Controllers Council, the financial executives and managers who are responsible for the budget and forecasts of their companies.
 Over half (55 percent) expect their firms' employment to remain at current levels, a percentage unchanged from the controllers' February outlook. On the positive side, 29 percent of the controllers said their firms will increase employment levels, compared with 25 percent who felt that way in February. Only 16 percent believed there would be a decrease, down from 20 percent in February.
 Of those respondents who expect increases in employment levels, 60 percent said they expect employment growth in production line positions. Hiring at the management level still does not look good (only 14 percent of the companies expect to hire managers). Cuts will come in clerical and administrative areas.
 Controller were asked to compare their employment levels in 1993 to those in 1992. As compared to 1992, 40 percent said levels in 1993 remained the same, 31 percent said levels increased, and 29 percent said levels had declined in 1993.
 The survey was based on a 25 percent response rate of 2,500 members of the IMA's Controllers Council. It was conducted during the fourth week of June.
 With 90,000 members, IMA is the world's largest organization of management accountants and financial managers. Founded in 1919, IMA is based in Montvale, N.J.
 -0- 7/29/93
 /CONTACT: Daniel M. Hrisak of Institute of Management Accountants, 201-573-6154 or 404-992-2187/


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MP-SM -- NY039 -- 7455 07/29/93 11:25 EDT
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Publication:PR Newswire
Date:Jul 29, 1993
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