CBS Evening News for Tuesday, May 05, 1981
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(Studio) Conrail and union leaders reported agreeing on cuts in pay hikes scheduled to begin in effort to save line.
REPORTER: Dan Rather
(Chicago, Illinois) Purchase of Chicago and NW railroad by its employees in effort to save line examined; films shown. [Commuter services spokesperson Rollins COAKLEY - discusses personal financial risk.] [Public relations spokesperson James MacDONALD - acknowledges risk.] Current status of other major RR's compared with situation at Chicago and NW. [Yardmaster Tom LANG - notes employees' pride.] Stk.'s increase since 1972 outlined on screen; MacDonald's financial position now noted. [MacDONALD, agent Santos PEREZ, COAKLEY - note their present worth.]
REPORTER: Ray Brady
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