Friday, Aug 22nd

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

Remember Segregation!

News image

Signs like these were prevalent and common in the South. Remember - this racial segregation occurred only 50 years ago - ...

Read more

Verizon Avoids Massive Strike - For Now

Verizon strike threat has been temporarily avoided , as the union has agreed to continue talks thru the weekend....

Read more

Maureen Dowd - A Copycat?

News image

Maureen Dowd is a notable New York Times columnist, a sometimes liberal talking head, and a person who should know ...

Read more

Time Person of the Year 2010

News image

Facebook founder and CEO, Mark Zuckerberg, has been named Time's Person of the Year 2010! A billionaire at the age of...

Read more

Ron Paul I'm not a racist

Ummm.  I don't really know what to think about Ron Paul.  He seems to protest too much. {youtube}AvzsiESqVss{/youtube} He goes on and ...

Read more

Meet Doctor Death From Australia

News image

This is Dr. Jayant Patel. If you haven't heard of him, this surgeon made headlines back in 2005 where he wa...

Read more

An Obama Tsunami

News image

"Obama Wins by a Landslide!" - This was my Wishful Prediction! I want to see Blue, Blue, Blue! It was 7P...

Read more

McCain Aide Let One Slip Out

I don't know why everyone is so surprised.  McCain's aide just expressed what the Bush cabal has been thinking for ...

Read more

Hillbilly AntiAbortion Ralph Lang

News image

A planned massacre at a Wisconsin Planned Parenthood stopped. This backwood psycho hick, Ralph Lang, had a gun and premeditated mu...

Read more