Surveys: Industry’s rate of layoffs, pay cuts may slow

Surveys: Industry’s rate of layoffs, pay cuts may slow

Recession-induced restaurant closures, job cuts and salary reductions may be slowing, according to a recent survey.

Seventy-one percent of the 111 restaurant companies that participated in an online study by Dallas-based People Report said they were closing units or reducing the number of new openings but noted that most of the downsizing already occurred.

“We interpret the results of this survey to indicate that a lot of the worst misery could be behind us,” said People Report s

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