Word: buyouts
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Dates: during 1980-1989
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...described the Weirton buyout as "a kind of homespun socialism." Rather, the story appears to be about a heartening attempt at grass-roots capitalism that could be good...
...also exciting because, as Bish points out, "our concessions are going to be to us, the owners." Not everyone may be willing to assume that responsibility. Only those 8,800 not yet laid off, mostly older people, can vote to approve any buyout. Workers with the greatest seniority are wary of jeopardizing their pension benefits, now as much as $25,000 a year. "I don't expect those still working to go along with any talk about making concessions," says Michael Shimko, 30, a laid-off chrome applicator...