Tuesday, December 9, 2008

A favorable resolution to the sit-in appears at hand.

Most of the news coming out of Chicago is choked by the G Rod (always my favorite name) story, but there was some good news for the former employees of Republic Windows and Doors. Here's the brief story:

Bank of America says it will extend credit to a Chicago window and door manufacturer whose workers have occupied the factory for five days.

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

The factory closed last 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.

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