Related: The Boston Globe Tells Chicago Workers to Sit in the Back of the Bus
"Bank offers loans to Chicago firm" by Associated Press | December 10, 2008
CHICAGO - The creditor of a Chicago plant where laid-off employees are conducting a sit-in to demand severance pay said yesterday it would extend limited loans to the factory so it could resolve the dispute, but the workers declared their protest unfinished.
The Republic Windows and Doors factory closed last week after Bank of America canceled its financing. About 200 laid-off workers responded by staging a sit-in at the plant, vowing to stay until getting assurances they would receive severance and accrued vacation pay.
A resolution appeared closer when the bank said it had sent a letter to Republic offering to "provide a limited amount of additional loans" to resolve the employee claims. The bank appeared to side at least in part with disgruntled workers, expressing concern in a statement yesterday "about Republic's failure to pay their employees the employee claims to which they are legally entitled."
B of A concerned about the NEGATIVE PUBLICITY, that's all!!!
If they were concerned about people, they wouldn't be screwing them , would they?
Bank of America has been criticized for cutting off the plant's credit after taking federal bailout money itself.
That's LOOSENING UP CREDIT?
Leah Fried, a spokeswoman for the union representing the workers, said yesterday it was too soon to know whether the sit-in would end.
HOLD FAST, workers!! America SUPPORTS YOU!
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