Firms Cut Hiring Plans: Hiring plans of...

Firms Cut Hiring Plans: Hiring plans of U.S. companies will drop steeply to recession levels the first quarter of 1991, particularly in the economically battered Northeast, the world’s largest temporary help firm said. Manpower Inc. said its sampling of more than 15,000 businesses showed that 15% plan to increase hiring while 16% plan to cut their workforces, for a net hiring drop of 1%. It said the net drop is the first that the survey has turned up since the first quarter of 1983, when the nation was emerging from the last recession.