General Motors Chairman and CEO Alfred Sloan comments on GM plan for more financial security for workers

CU Alfred P. Sloan of General Motors seated / CU SOT Sloan says GM is offering to employees who have been with the company five years or more an assured income during each year in which the plan is in operation; "Such a plan will enable these employees to plan for a full year ahead with assurance that each and every week during that year there will be something coming in at the end of the week to pay the family bills." / Note: exact day not known