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Workers occupy Chicago factory for fifth day
The occupation of the Republic Windows and Doors factory in Chicago by some 250 workers entered its fifth day on Monday. On December 2, workers were informed the plant would permanently close in three days and that they would be laid off. Workers are demanding severance and vacation pay as restitution for Republic’s violation of federal law, which stipulates that workers must be given 60 days notice prior to layoffs arising from plant closures. Republic claims that it cannot pay workers because Bank of America, one of its major lenders, had cut off its line of credit.
The struggle of the Republic workers has attracted widespread support. In the days since the occupation began, workers and students from Chicago and beyond have visited the plant, expressing their solidarity with messages of support and with donations.
As yet, no resolution has been reached. However, Bank of America (BOA) issued a statement on Monday, as negotiations continued, indicating that it was willing to make a loan of an unspecified size so that Republic could meet payroll. BOA said that it is “prepared to provide a limited amount of additional” loans and regretted “Republic’s failure to pay their employees the employee Claims to which they are legally entitled.”
However, the workers’ union, the United Electrical Workers (UE), issued a statement on its web site Tuesday reporting, “Bank of America informed us their statement from yesterday was released in error.”
Bank of America has been awarded a $25 billion taxpayer-funded bailout from the US government through TARP (Troubled Asset Relief Program), in addition to an undisclosed share of the some $4 trillion the Federal Reserve Board has handed out directly to major financial concerns.
More
http://wsws.org/articles/2008/dec2008/chic-d10.shtml
As yet, no resolution has been reached. However, Bank of America (BOA) issued a statement on Monday, as negotiations continued, indicating that it was willing to make a loan of an unspecified size so that Republic could meet payroll. BOA said that it is “prepared to provide a limited amount of additional” loans and regretted “Republic’s failure to pay their employees the employee Claims to which they are legally entitled.”
However, the workers’ union, the United Electrical Workers (UE), issued a statement on its web site Tuesday reporting, “Bank of America informed us their statement from yesterday was released in error.”
Bank of America has been awarded a $25 billion taxpayer-funded bailout from the US government through TARP (Troubled Asset Relief Program), in addition to an undisclosed share of the some $4 trillion the Federal Reserve Board has handed out directly to major financial concerns.
More
http://wsws.org/articles/2008/dec2008/chic-d10.shtml
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