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Youngstown / Steel Co. Merger / Icx Plane Plant #258472

CBS Evening News for Thursday, Jun 22, 1978
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(Studio) Impt. of steel industry to Youngstown, Ohio, recent concerns about future of town industry relations and turn of events for Youngstown reported.
REPORTER: Walter Cronkite

(Youngstown, Ohio) Youngstown Sheet and Tube's layoffs last fall and threats to close plant noted. Town's boost after Justice Department agreement to allow company's merger with LTV stated. Another optimistic view for residents reported in aerospace management firm ICX's announcement of plans to build factory here. [Mayor Phillip RICHLEY - says this could solve economy problems of valley.] ICX film shown. ICX plans for plane-building factory, using retrained steelworkers to build plane now built in USSR , detailed. [ICX president Dale LEWIS - says company would prefer to train own labor force.] [Governor James RHODES - cites important of getting people to work.] Skepticism of some about ICX plans and reasons reported Outlook for Youngstown examined.
REPORTER: Bob Faw

Reporter(s):
Cronkite, Walter;
Faw, Bob
Duration:
00:02:10

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