Manufacturing CFOs Say No Raises For Employees

CHICAGO -- A survey of manufacturing chief financial officers and senior comptrollers by Grant Thornton LLP showed 71 percent plan on cutting costs by not giving out raises.

Eighty-three precent believe the U.S. will remain in a recession for the rest of 2009, and 73 percent are most concerned about the price of employee benefits.

Additionally, 47 percent expect their company's headcount to decrease.

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