Tuesday, Sep 02nd

Last update:04:20:51 PM GMT

Republic Window Workers End Sit-In After Deal Reached

E-mail Print
Share
Well, peaceful protest still works.  Thanks to all the attention and pressure brought down on the company and Bank of America by the news networks, the blogosphere and president elect Obama, Bank of America has relented and a deal has been reached to pay the workers what they are owed.
With cheers and chants that echoed President-elect Barack Obama's campaign of change, jubilant workers agreed to a $1.75 million settlement that ends their six-day occupation of a shuttered Chicago factory that became a symbol of the plight of labor nationwide.

Republic Windows & Doors, union leaders and Bank of America reached the deal Wednesday evening. Each former Republic employee will get eight weeks' salary, all accrued vacation pay and two months' paid health care, said U.S. Rep. Luis Gutierrez, who helped broker the deal. He said it works out to about $7,000 apiece...

Gutierrez, an Illinois Democrat, said $1.75 million will go into an escrow account for the workers, $1.35 million of which came from Bank of America in the form of a loan to Republic.

"Although we are a lender with no obligation to pay Republic's employees or make additional loans to Republic, we agreed to extend an additional loan to be used exclusively to pay its employees," David Rudis, the bank's Illinois president, said in a statement.

New York-based JPMorgan Chase & Co. pledged $400,000 to use strictly for the protesting employees, Gutierrez said.

The workers are "very, very satisfied" with the agreement, said Mark Meinster of the United Electrical Workers union, which represents the employees.


It's a new day. No longer will corporate interests always trump those of the everyday person.  Finally our country is moving in the right direction.

Workers carrying sleeping bags left the factory late Wednesday amid cheers of "Yes We Can," a slogan that became part of Obama's campaign.

Clearly, "Yes We Can" is more than a slogan now.

Add comment

Security code
Refresh

Latest Comments

From the Forum

Article Roundup

Philly Bar McFadden's Doesn't Want Black People in Their Bar

News image

This kind of stuff never ends.  Philadelphia bar McFadden's is being sued by a bartender alleging discrimination against black patrons.  Be...

Read more

Protect the UnDead !!

News image

Another Commentary from Blanca DeBree! "Mike Huckabee not only wants an amendment to protect the unborn, he also wants an amendment to ...

Read more

Republican Proposed Budget - Finally Released

News image

So after last week's "Detailed-Road-To-Recovery Budget" with no numbers, the Party of No has finally released today their proposed b...

Read more

Dick Cheney HBO Miniseries

News image

An HBO miniseries about the real President behind the George W. Bush tyranny. I wonder if this will be categorized un...

Read more

Dems Falling Off Message

Someone must've slipped Biden and Bill Clinton a mickey, because this week both have gone off message and subtlely poked ...

Read more

10 year old college kid and Albert Einstein??

They say he sees things really clearly but this child is a brainiac no doubt about it. He’s 10 years ...

Read more

NFL Rams To Limbaugh - We Don't Want Your Filthy Money

News image

I just love the smell of republican rejection in the morning.  Rush Loudmouth has just been told exactly where he can ...

Read more

Marion Barry Arrested Again

News image

What is with this guy? Public official turned drug addict turned tax evasion specialist turned psychotic stalker. Link...

Read more