Newspaper article THE JOURNAL RECORD

1984 Corporation Relocation Up 34 Percent, Survey Says

Newspaper article THE JOURNAL RECORD

1984 Corporation Relocation Up 34 Percent, Survey Says

Article excerpt

WHITE PLAINS, N.Y. - Relocation

activity at major U.S. corporations

increased more than 34 percent in 1984,

compared to 1983, according to the

findings of Merrill Lynch Relocation

Management Inc.'s latest Policy Survey.

The 13th annual Survey of Corporate

Relocation Policies was conducted by

Hagen Marketing Research. The 604

companies whose policies are reflected

in the survey were selected from the 750

largest industrial firms, plus the 250

largest non-industrial firms.

Specifically, the survey found:

- Companies relocated an average of

188 employees in 1984, compared with

an average of 140 in 1983. This

represents an increase of 34 percent over

1983, and an increase of 42 percent over


- By industry, companies with the

greatest increase in relocation activity

were: publishing and printing, up 153

percent; rubber products, up 70 percent;

banking, finance, accounting and insur

ance, up 69 percent; transportation, up

56 percent; textiles, up 36 percent;

metals manufacturing, up 33 percent,

and industrial machinery and equipment,

up 32 percent.

The only industries showing a decline

in transfer activity were public utilities,

off 20 percent; aeronautics, space and

electronics, off 9 percent; and pharma

ceuticals and cosmetics, off 4 percent.

- By Industry, companies with the

greatest average number of transferred

employees were in business machines

(884), petroleum and gas (398), hard

ware, housewares and appliances (275)

and transportation (237).

Companies with the fewest number of

transferred employees were in mining

(51), metals manufacturing (65), textiles

(79) and industrial machinery and

equipment (87).

"This unprecedented increase in

transfer activity demonstrates the&

strength of the U.S. economy in 1984

and the use of relocation as a part of

corporate strategic planning for manage

ment development and effective alloca

tion of personnel," said Richard Dra

gotta, Merrill Lynch Relocation Man

agement president. …

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