Chicago Factory Sit-In Ends
December 11th, 2008The Chicago factory sit-in ends. The window-manufacturing plant sit-in by laid-off employees ended Wednesday, after a six-day standoff, with an agreement, according to news reports. Bank of America, which had cut off financing for Republic Windows and Doors, said it would lend the company $1.35 million to help pay the employees severance and continue their health care for two months as the workers had been demanding. Also, JPMorgan Chase, which owns 40 percent of the windows company, pledged an additional $400,000. The money will allow the company to pay 60 days of severance to more than 200 laid-off workers, who had been occupying the North Side Chicago warehouse since the doors of the factory were padlocked before Thanksgiving. The deal also will pay the workers’ vacation time they had accrued but which the company had previously said it would not pay, union officials representing the workers said. The resolution ended six days of negotiations between the bank, company owners and union leaders. The workers voted to end their sit-in on Wednesday evening and emerging from the factory chanting, “Yes we did!”
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