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Bethlehem Steel / Benefit Cuts #721353

ABC Evening News for Saturday, Feb 08, 2003
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(Studio: Dean Reynolds) Report introduced.

(Baltimore: Geoff Morrell) Announcement by Bethlehem Steel that it will eliminate health & life insurance benefits for retirees as part of a deal to sell the bankrupt company examined; benefit costs cited. [Retiree Tom LITTLE†, employee James RICHARDSON†, Joseph ROSEL†- say it is sad the company is doing this.] [United Steelworkers of America president Leo GERARD†- says this is unprecedented & callous.] The scaling back & elimination of benefits in other industries noted. [St. John's University school of law professor David GREGORY†- says we will see a collapse of retirement benefits across the country.]

Reporter(s):
Reynolds, Dean;
Morrell, Geoff
Duration:
00:02:10

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