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Mergers / Downsizing #309999

CBS Evening News for Tuesday, May 27, 1986
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(Studio: Dan Rather) Report introduced.

(NYC: Ray Brady) Impact of downsizing, reduction of company payrolls as result of mergers, on long-term employees such as Steve Fodo, formerly with Gulf, examined; details given, scenes shown. No. laid off at Gulf and Chevron as result of T. Boone Pickens' takeover ploy recalled. [FODO - recalls work at Gulf.] No. white collar jobs lost since 1984 due to downsizing noted. [Fred HENSLEY - never expected layoff from Hoffmann-La Roche, Incorporated] Impact on employees of Baxter Travenol Labs' merger with American Hospital Supply reviewed. [FODO - recalls sense of security resulting from loyalty to company]

Reporter(s):
Brady, Ray;
Rather, Dan
Duration:
00:03:00

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