Bank Agrees to Give Credit to Chicago Plant Where Workers Staged Sit-In

December 9, 2008 - 3:33 PM
Bank of America says it will extend credit to a Chicago window and door maker whose workers have occupied the factory for five days.

United Electrical Union Workers Local President Armando Robles, left, and U.E. Western Regional President Carl Rosen address the media about negotiations with Bank of America and Republic Windows and Doors on the fourth day of a sit-in at the companies factory Monday, Dec. 8, 2008 in Chicago. (AP Photo/M. Spencer Green)

Chicago (AP) - 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.