Bank Of America Gives In To Republic Windows And Doors Workers

Wow. Chalk one up for the good guys. After 5 days of a peaceful occupation of the Republic Windows and Doors factory in Illinois, which included a weekend of what had reportedly been productive talks between Republic workers who simply want the pay and benefits they've earned and Bank of America, which is Republic's creditor, it looks like, as The AP's headline puts it: "workers win."

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.

This was a very important victory not only for the workers in that particular factory but potentially for workers all over the country in particular to the extent that it put a human face on the importance of unions in winning workers the pay and benefits they deserve.

As Scarecrow says:

We're likely to see thousands of dramas just like this all over the country, as more and more businesses teeter on the solvency edge and slip over into bankruptcy. In the Republic case, we had a union willing to support the workers in their courageous sit in, and to bargain with the company's bank. That example is going to be seen, understood and reenacted across the country.

Also, it's worth watching Rachel Maddow's piece on the protest. As she says, what a huge difference it makes when the (incoming) president supports worker protests such as this.

Tags: republic windows and doors (all tags)

Comments

6 Comments

Re: Bank Of America Gives In To Republic Windows A

Not to demean the amazing courage that had to take, but that was a fairly easy victory as labor struggles go, I figured they would've either been there months or been carted off by the police.  Look for that to embolden others in a similar situation.

by auronrenouille 2008-12-09 12:25PM | 0 recs
What about Republic Windows move plans?

What about Republic Windows' new owners' plans to move to Indiana, where they bought a factory and could operate cheaper without the union?

Does the loan keep employees on and cancel the move plans?

by MS 2008-12-09 02:16PM | 0 recs
Re: What about Republic Windows move plans?

Is it Indiana?  I thought they were moving down South.

Either way, to my knowledge the answer to that is "no" but I'm not directly plugged into this issue.  This is largely a battle over the WARN Act, and the fact that the company is moving rather than entering into bankruptcy shows that the WARN Act probably required notification and pay.

by auronrenouille 2008-12-09 04:41PM | 0 recs
Re: Stop Making Post Titles Too Long to Re!!

There were a couple of things in favor of the workers here besides Obama and I think the big ones were:

1) We could pin it on the bank. Everyone hates them right now.

2) The workers were agitating not for something better than they had, but for what was agreed to in a contract. Sanctity of Contracts is a pretty big deal to everyone in this country.

by MNPundit 2008-12-09 12:45PM | 0 recs
I am so happy Obama spoke out

in support of the workers. I expect to see more of this in the next four years. I don't think any union victory is easy. I was part of the UAW as a Teaching Associate and the university promised us many things then failed to follow through.

by Lolis 2008-12-09 01:23PM | 0 recs
Re: Bank Of America

It makes a pleasant change.  May this trend continue.

by Batocchio 2008-12-10 01:24PM | 0 recs

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