Job Cuts Here To Stay, Survey Says

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A recent survey suggests that 52 percent of companies that cut jobs plan to employ fewer people in the next three-to-five years than they did prior to the recession's start, the Journal reports.

The news for salaries is only slightly better with 55 percent of companies asked saying they would restore pay to pre-recession levels.

The survey, conducted by the consulting firm Watson Wyatt Worldwide Inc., asked questions of 179 companies in June.

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