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Workers win: Bank to give credit to Chicago plant

 
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User ID: 565279
United States
12/09/2008 04:49 PM
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Workers win: Bank to give credit to Chicago plant
CHICAGO – Bank of America says it will extend credit to a Chicago window and door maker whose workers have occupied the factory for five days.

The bank said Tuesday that it's willing to give the Republic Windows and Doors factory "a limited amount of additional loans." That's so it can resolve claims of employees who have staged a sit-in since Friday.

The factory closed Friday after Bank of America canceled its financing.

Workers were given three days' notice. But they refused to leave and vowed to stay there until receiving assurances they would receive severance and accrued vacation pay.

The bank has been criticized for cutting off the plant's credit after taking federal bailout money.

[link to news.yahoo.com]
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User ID: 546346
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12/09/2008 04:52 PM
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Re: Workers win: Bank to give credit to Chicago plant
5a

For once the people win! YAY
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User ID: 546346
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12/09/2008 05:41 PM
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Re: Workers win: Bank to give credit to Chicago plant
bump For newsworthyness.

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