NBC Evening News for Monday, Mar 10, 1975
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(Studio) From Horseshoe Bend, ID, comes at least interim solution to problem of rising unemployment, fall of business activity and recession
REPORTER: John Chancellor
(Horseshoe Bend, ID) Lumber company comes up with idea of cutting employees' income 10% to save their jobs. [Hoff Lumber Company Theodore HOFF JR. says employees had the choice of being laid off or take 10% pay cut ) Workers went along with cut and also agreed to postpone 9% cost of living increase in wages and eliminate all overtime. [Russell LIEDTKE, Walter SEIBEL - react to company's cutback. For these men, future looks quite bright.
REPORTER: Fred Briggs
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