Stock crash not affecting ND on-campus interviews

Com panies recru iting at N otre D am e have not suffered any m ajor effects from last Oc­ to b e r’s stock m ark e t crash , a c ­ cording to K itty Arnold, d irec ­ tor of C areer and P lacem en t Services. On cam pus in terview s have not decreased since the crash , Arnold said. “ We’ve only seen m inor changes in the availab ility of in terview s and potentially the availab ility of job openings,” Arnold said . “ We have not seen the num ber of cancellations th a t one m ight expect based on how d ram a tic the stock m ark e t ch an g ed ,” she said. There have been som e can ­ cellations, Arnold said, but the com panies a re not concen­ tra te d in any one business sec­ tor. “ (The cancellations) go all over the m a p ,” Arnold said, adding “ the cancellations th a t w e’ve seen probably a re n ’t in any la rg e num ber the re su lt of stock m ark e t p rob lem s.” A cancellation by E .F . H ut­ ton “ cam e as no su rp r ise ,” A r­ nold said. Arnold cited the com pany’s recen t pu rch ase by Shearson L ehm an B ro thers and the layoff of 5,000 em ployees as reasons for the cancellation. C areer and P lacem en t S er­ vices “ alw ays has som e can ­ cellations every yea r, re g a rd ­ less of w h a t’s going on in the stock m a rk e t,” she said. C om panies e stim a te w hat positions they need to fill in the fu tu re w hen se tting up cam pus recru itin g sessions, she said. “ They a re frequen tly guess­ ing a y e a r in advance w hat th e ir em ploym ent needs a re going to be, so m any of the people who scheduled spring recru itin g and fall rec ru itin g (estim ated th e ir needs) in the spring of 1987,” Arnold said. N orm al a ttritio n ra te s m ay te ll the com pany how m any people they will need to fill those positions, sa id Arnold. “ A nother point in the y ea r, a little c loser to the tim e when they ac tua lly do the hiring , i t ’s going to look a little d iffe ren t.” she said. The to tal num ber of in te r­ view s th is y e a r is up 15 percen t from las t y ea r, Arnold said. Arnold said she w as u n ce r­ ta in if next y e a r ’s rec ru iting would be affected by the stock m a rk e t crash .