Women Heading Companies Are Not Rushing to Cut Staff - Building Gender Balanced Business

• 55% of female CEOs and company presidents in the Women Presidents’ Organisation told the group’s annual survey that despite the financial crisis they have not reduced their work force.

• Two in three women-owned companies also did not cut salaries paid out.

• But perhaps the most heartening figure from the survey was that 82% of WPO members see their companies doing better in 2010. Despite the crisis nearly one in three members said their companies had grown thus far in 2009.

• All this comes as unemployment is a decades-long highs around the world. But WP members’ outlook shows they are able to to the changing and challenging business climate. “These statistics are evidence of the versatility and strength of companies owned by women entrepreneurs in the face of adversity,” said Marsha Firestone, president and founder of WPO.

A summary of the WPO survey