CORPORATE RELOCATION AMONG THE FORTUNE 500 IS

ON THE RISE, COLDWELL BANKER SURVEY SAYS

International Relocation as well as Corporate Restructuring are generally Elements throughout
Increase MISSION VIEJO, Calif., June 30 /PRNewswire/ -- In spite of widespread downsizing along
with restructuring occurring inside corporate America, relocation exercise regarding corporate
executives ended up being around the increase in 1993, says any latest survey regarding Fortune
500 companies conducted through Coldwell Banker Relocation services Inc. and Yankelovich
Partners. Your survey shows the downward trend inside executive relocation reported this past
year has reversed direction. Your Coldwell Banker Corporate Mobility Index (CMI), a new
measurement of relocation exercise keyed to some 1991 baseline involving 100, was 97.2 regarding
1993, in contrast using 94.7 for 1992. Contributing in order to this slight boost ended up being
greater relocation activity coming from estate agent sutton organization downsizing and
restructuring reported by almost 1 half of responding companies. Elevated international relocation
activity, principally in Europe and in addition the Pacific Rim, has been in addition cited. Regional
mobility patterns were well-balanced across the United States, except for a modest net gain inside
the eleven western states. U.S. cities using the nearly all relocation activity, both to along with from,
contain Los Angeles, Atlanta, Dallas/Fort Worth, Houston, New York, Chicago and also San
Francisco. This is the 2nd year Coldwell Banker offers conducted your survey using Yankelovich
Partners, a new national advertising study organization. Interviews had been conducted with 100
corporate relocation managers nationwide. Various Other relocation developments noted from the
CMI survey are the following: -- Relocation costs are anticipated to grow, mainly because of in
order to changes in taxes as well as in varying real estate conditions. -- Your typical price to obtain
a domestic transfer with an present employee within 1993 had been $50,973 with regard to those
who personal a property along with $16,859 pertaining to people who rent. -- Expenses with regard
to relocating a manufacturer new employ average $30,383 pertaining to homeowners and $9,999
with regard to renters. -- The Actual average price of a worldwide relocation will be $130,743 in
contrast by getting an typical of the domestic relocation at $31,484. -- Resistance for you to
transfer is truly a small problem pertaining to 59 percent associated with companies and also a huge
problem with regard to 5 % involving companies. -- Family-related problems outweigh job-related
issues by greater than nine to one inside determining employee reluctance in order to relocate.
"The survey highlights two important business styles supporting relocation -- corporate downsizing
as well as globalization," stated Stephen C. Roney, president as well as chief executive officer
regarding http://www.mass.gov/portal/cities-towns/sutton.html Coldwell Banker Relocation Solutions
Inc. "Corporate change, whether structural as well as geographical, requires corporations in order
to move key employees with almost all the knowledge as well as expertise to assist attain frequently
rapidly shifting enterprise strategies." Coldwell Banker Relocation Solutions Inc. is the second
largest relocation organization within the industry, with a business of 23 percent. Along With a lot
more than 400 corporate clients, the business also delivers comprehensive relocation assistance,
such as fully outsourced relocation policy administration, for most with the largest U.S. along with
multinational corporations. Coldwell Banker Relocation Solutions is a subsidiary of Coldwell Banker
Corp., which in turn provides over 2,300 residential real-estate offices along with a lot more than
52,000 sales associates as well as employees in North America. -0- 6/30/94 /NOTE TO EDITOR: for
a far more in depth document in the current survey, interested individuals can contact Coldwell
Banker Relocation Solutions from 714-367-3825. Spokespersons via Coldwell Banker Relocation
services and Yankelovich Partners are pertaining to sale to interviews; contact Linda Sonnonstine or
even Frank Pollare at Sonnonstine Public Relations, 213-655-1309./ /CONTACT: Linda Sonnonstine
as well as Frank Pollare of Sonnonstine Public Relations, 213-655-1309/

CO: Coldwell Banker Relocation services Inc.; Coldwell Banker Corp. ST: California IN: FIN SU:

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