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Studebaker plant closure sparks pension fears and suicides
The Studebaker plant closing in South Bend ind sum 4 000 workers near retirement age faced pension losses and several deaths by self harm as pensions failed. Senate leaders Javits and Williams proposed federal pension insurance, demanding standardized liability calculations and insured funds amid 35 000 plans nationwide.
MENTIONED IN THIS ARTICLE
Washington
Studebaker Co
South Bend
Ind
Studebaker
U.S. Labor Department
Labor Department
Bureau of Labor Statistics
Suudebaker
Jacob Javils
Rep.y
Javits
Sen
Harrison Williams
Senate Labor and Public Welfare Committee
Federal Deposit Insurance Corp
Joss
United Auto Workers Union
John McGrath
Bloomfield
Clay Smith
East St. Louis
Ill
McGrath
P. Ballantine and Sons Brewing Co
Smith
American Zinc Co