Posted by: Patrick Barbanes | December 10, 2008

Republic Windows Saga Not Over Yet

It ain’t over ’til it’s over….

Associate Press is reporting that while BofA has made an offer to extend credit that would enable Republic Windows to pay the laid-off workers what they’re owed, the deal is not yet done:

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.

Leah Fried, an organizer for the United Electrical Workers, which represents the Republic workers, said it was too soon to know whether the sit-in would end soon. Workers would have to vote to end the action, but she said there was no such deal as of Tuesday night.

http://www.huffingtonpost.com/2008/12/09/auto-workers-occupying-ch_n_149756.html

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