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Unemployment / Employee Owned Companies #510703

NBC Evening News for Saturday, May 31, 1980
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(Studio) Human side effect of recession said unemployment. Growing unemployment rate noted.
REPORTER: Jane Pauley

(South Bend, IN) South Bend Lathe machine tool company, featured. Company said for sale by owners 5 years ago, and purchased by employees with help of government loan. High profits and productivity of organization noted. [Company pres. Dick BOULIS - talks about employees asking questions with regard to profits, costs etc.] [Employee benefits Bobbie KLIMEK - comments with regard to employee interests in company.] [Tool setter Gary PRESSNELL - explains that he would prefer a straight retirement plan to stock ownership.] [Mill operator Rudy BOKON - says he likes it here.] This said one of many companies owned in whole or part by the workers. Research comparing profits in worker-owned and traditional companies noted.
REPORTER: Gerald Harrington

Reporter(s):
Harrington, Gerald;
Pauley, Jane
Duration:
00:03:00

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