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COMPANIES CUT RELOCATION ACTIVITY

Prompted by a slow economy and soft real estate markets, many firms are reducing overall relocation costs by limiting the number of employees they transfer, according to the Employee Relocation Council.A survey of 421 corporations shows that these companies transferred, on average, 183 current employees and 72 new hires in 1990, versus 185 current employees and 75 new hires in 1989.