Chicago Layoff Protest Poses Risks for Bank of America - FOXBusiness.com Workers at the Republic Windows & Doors plant, most of whom are unionized, are outraged and blame Bank of American for getting axe. The workers were told last week the plant would close Friday because Bank of America said it would cut off financing. The workers are angry since Bank of America is a recipient of federal money under the Troubled Asset Relief Program, which is designed in part to free up credit to businesses. Bank of America got $15 billion of TARP funds and is expected to get $10 billion more. That outrage quickly prompted politicians including Blagojevich to jump on the anti-Bank-of-America bandwagon calling for a halt in business with the bank. The Wall Street Journal reported 15 Chicago aldermen or city council members said they were gearing up to introduce a city ordinance next week that would require Chicago to suspend business with Bank of America and require the city to withdraw all funds and deposits with the bank or any of its subsidiaries.
Workers win: Bank to give credit to Chicago plant - Yahoo! News CHICAGO – Bank of America says it will extend credit to a Chicago window and door maker whose workers have occupied the factory for five days. The bank said Tuesday that it's willing to give the Republic Windows and Doors factory "a limited amount of additional loans." That's so it can resolve claims of employees who have staged a sit-in since Friday.
Must be nice to be required 60 days notice of being laid off. Every time that happened to me I was never given notice.
The governor was outraged at these dirty tactics and led the charge. By the way.... I didn't realize it was THE GOVERNOR that got arrested. Just heard it in passing today.
