Cuts Are Here to Stay, Companies Say

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Published in The Wall Street Journal June 22, 2009 by Cari Tuna

Many companies that have cut jobs, pay and benefits during the recession may not be quick to restore them.

According to a new survey, 52% of companies expect to employ fewer people in three to five years than they did before the recession began. The survey of 179 companies was conducted this month by consulting firm Watson Wyatt Worldwide Inc.

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