December 9, 2008

Republic’s Fired Workers Plan Bank of America Protest (Update1)

According to Bloomberg: “A fire roared in a trash bin outside the Republic Windows & Doors factory on Chicago’s north side last night, warming supporters who brought coffee, food and sleeping bags to 250 fired workers occupying the building.”
“Workers blame Bank of America Corp., the biggest U.S. retail bank, for the factory’s Dec. 5 closure after it canceled a line of credit to the manufacturer, whose sales have been gutted by the housing slump. The Charlotte, North Carolina-based bank has received $15 billion from the U.S. Treasury as part of its effort to boost capital, while Merrill Lynch & Co., the securities brokerage it is buying, has gotten $10 billion.”

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