From the AP:
The creditor of a Chicago plant where laid-off employees are conducting a sit-in to demand severance pay said Tuesday it would extend loans to the factory so it could resolve the dispute, but the workers declared their protest unfinished.
A resolution seemed nearer as Bank of America, which yanked the plant's financing last week, announced it sent a letter to Republic Windows and Doors offering "a limited amount of additional loans" to resolve its employee claims.
About 200 of the 240 laid-off workers had responded to their three days' notice of the plant closing by staging a sit-in and vowing to stay put until assurances they would get severance and accrued vacation pay.
Their protest has come to symbolize the plight of laid-off workers around the nation as the economy crumbles.
Lawmakers in Illinois have singled out Bank of America for criticism, blasting the Charlotte, N.C.-based company for cutting off the plant's credit after the bank itself received $25 billion from the government's financial bailout package.
One of those lawmakers, of course, was Illinois Governor Rod Blagojevich, who has his own set of problems right about now.
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