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.
The factory closed Friday after Bank of America canceled its financing.
Workers were given three days’ notice. But they refused to leave and vowed to stay there until receiving assurances they would receive severance and accrued vacation pay.
The bank has been criticized for cutting off the plant’s credit after taking federal bailout money.
at a 30% discount.
TagsAbby Scher Adidas Alejandro Reuss austerity Bill Barclay Bill Black Cambridge Controversy climate change co-ops CPEG Darwin BondGraham David Brooks David Cay Johnston Deborah M. Figart Doug Henwood eurozone Fiscal Cliff Gaza Greece homelessness inequality interest rate swaps Israel James K. Galbraith Jason Stanley libor Lynn Parramore May Day Michael Hudson Mike-Frank Epitropoulos neoclassical economics Paul Krugman Phil Gasper recovery Robert Solow Ron Baiman Sarah Blaskey Steven Pressman sweatshops Syriza taxes Thomas Piketty ultra-right William K. Black Yanis Varoufakis