Mon 8 Dec 2008
Bailout at Work: B of A Receive $25 Billion, Refuses to Extend Credit Line for Chicago Company, Company Closes Plant, Sit-in Ensues
Posted by Garrett Tedeman under Finance, General News, Politics
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http://www.reuters.com/article/domesticNews/idUSTRE4B61II20081208
CHICAGO (Reuters) — Laid-off Workers Occupy Factory and Demand back-pay. Claim that B of A doesn’t obey law requiring 60 days notice of coming shut down.
Invoking Main Street resentment of Wall Street’s federal bailout, some 200 workers entered their third day of occupying a shuttered Chicago window and door factory on Sunday, demanding that Bank of America agree to pay them severance plus vacation pay.
Workers belonging to the United Electrical, Radio and Machine Workers union began their peaceful occupation of the plant on Friday after family-owned Republic Windows & Doors said it was closing after Bank of America canceled its line of credit.
The workers said Republic Windows & Doors gave them only three days notice of Friday’s closing instead of the 60 days required by law, and owes them roughly $3,500 per worker including unused vacation pay.

