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.
- Tuesday Links: CEO Pay, Crisis Costs, Climate March, etc. September 16, 2014
- “Labor Day” Links: Rand Wilson, Steve Early, Jeannette Wicks-Lim September 1, 2014
- Thursday Links: Boots, Salaita, Kalamazoo, etc. August 28, 2014
- Friday Links: Gaza, Ferguson, Argentina, and unemployment August 22, 2014
- Wednesday Links August 13, 2014
at a 30% discount.
TagsAbby Scher Adidas Alejandro Reuss Bill Barclay Bill Black billionaires Cambridge Controversy co-ops CPEG Darwin BondGraham David Brooks David Cay Johnston Detroit Doug Henwood education education reform Fiscal Cliff Gaza Harris v. Quinn Henry George Hobby Lobby inequality interest rate swaps Israel James K. Galbraith Jason Stanley libor May Day Phil Gasper poverty prison gerrymandering private equity public schools recovery Robert Solow Ron Baiman Sarah Blaskey Steven Pressman sweatshops taxes Thomas Piketty ultra-right unions William K. Black Wolf Richter