Sunday, Sep 21st

Last update:05:18:56 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

McDonalds No you can NOT HAVE a sliced tomato !!

News alert. McDonalds will not be serving sliced tomatoes because they have too few calories -just kidding- they are not ...

Read more

Violence Escalates In Iran As A Teen Girl Is Murdered

News image

A teen girl was murdered on the street in Iran, sparking another wave of protests and violence....

Read more

The Baby Daddy Drama Continues - Elizabeth Edwards Does The View

Eilizabeth Edwards is making the talk show circuit promoting her book, and of course she get asked what everyone wants ...

Read more

Old, Decrepit Charles Manson

News image

Charles Manson is today 74 years old. This animal has spent 40 years in Jail - in solitary confinement - f...

Read more

Hewlett Packard to Cut 24,600 Jobs

On the heels of yesterday's market meltdown, Hewlett Packard will cut over twenty four thousand jobs....

Read more

Rick Santorum's Opinion on Anthony Weiner

News image

2012 Republican Candidate for the White House, Rick Santorum, weighs in on the sexting scandal surrounding Anthony Weiner. As one of...

Read more

YouTube Decapitation of Statue

News image

This is beyond disturbing! It is borderline psychotic terrorism. Some psychopath decapitated the head of a stolen Statue of Liberty! She ...

Read more

Ryan, Lies, and Videotape - Ryan Stages Fake Photo Op with Charity

News image

File this one under "A big lie equals a big fail".  Romney and Co. thought it would be good to pa...

Read more

This Story Wont Die - Elmo Accuser Retracts Retraction

News image

Well this story seems to have some long and shapely legs.  First, a man accuses Kevin Clash, the voice of El...

Read more