PLANT CLOSINGS: Chrysler's Badgered Boss

Chrysler's Badgered Boss

Lee Iacocca can understand why Wisconsin is called the Badger State. Its citizens and Governor Tommy Thompson have been in an uproar since Chrysler decided in January to shut down an 86-year-old assembly plant in Kenosha, which would put 5,500 employees out of work. Last week Iacocca offered a peace plan: a $20 million education-and-housing fund for the workers, to be financed by profits from new Chrysler vehicles sold in Wisconsin this year. Meeting with Thompson in Washington, Iacocca said he would consider keeping the plant open a few weeks or months longer than its planned Sept. 30 closing.

All that...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!