Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.
(S)W.T. Grant Co. is in final days of liquidation. Report on employees.
REPORTER: Ted Koppel
(Hamburg, New York) 1st store began in Lynn, Massachusetts. Grant's became 3rd largest chain of variety stores in US. When liquidation over, 74,000 will be out of jobs, without benefits, vacation pay or severance pay. Pension benefits buried under red tape; payments delayed. [Mrs. Ruth MESSING - says can't find job at 58 years of age.] [Mrs. Susan BOARDWAY - says given lots of time to job and now, no benefits.] [Mrs. Clara KALKEY - cites what company owes her.] Bob Jacobson, 55, laid off and forced into retirement; worked for Grant's 30 years [Ex-store manager JACOBSON - says co. employees not treated well after October 2.] [Vice President personnel Robert V. BROWN - says sympathizes with employees' attitude. Company must preserve its cash and physical assets for company's creditors.] [Store manager Tom BEITER - says matter is in hands of court Some of employees' benefits should be protected. Too many personal tragedies involved.]
REPORTER: Phil Bergman
(Studio) Closeup address noted.
REPORTER: Ted Koppel
- Bergman, Phil;
- Koppel, Ted
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
- You may request a loan of this video by registering on our website and placing an order.
- You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
- If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.