Laid-off workers at a Chicago window factory ended a five-day sit-in after banks agreed to lend the failed company $1.75 million for outstanding wages and benefits, union officials said Wednesday.Right on.
"The occupation is over," said Armando Robles, president of the United Electrical Workers local 1110, which led the sit-in.
About 200 workers launched what they called a "peaceful occupation" of the Republic Windows and Doors factory Friday after Republic gave its employees three days notice of the layoffs. According to the workers, Republic told them that Bank of America had cut off credit to the company.
Federal law requires 60 days notice or 60 days paid compensation for workers when they close plants.
Bank of America agreed Wednesday to approve $1.35 million in loans to pay those obligations. Another $400,000 came from J.P. Morgan Chase, union officials said.
Workers approved the deal at a meeting Wednesday night. Union official Carl Rosen said the average worker will receive about $6,000 under the package.
But he added: "This is about more than just money. It's about what can be achieved when workers organize and stand up for justice."
Republic Workers End Sit-In
Because they won:
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