The Shock Doctrine
Disaster Capitalism in Action: sit in
Chicago Factory Workers Win!
Michael Tarm, Associated Press, December 10, 2008
"Jubilant workers, cheering and chanting "Yes We Can," celebrated outside a Chicago factory after approving a $1.75 million agreement to end their six-day sit-in, a dispute that became a symbol of the plight of labor nationwide. Republic Windows & Doors, union leaders and Bank of America reached the deal Wednesday night.....
"Each former Republic employee will get eight weeks' salary, all accrued vacation pay and two months' paid health care, said U.S. Rep. Luis Gutierrez, who helped broker the deal. He said it works out to about $7,000 apiece."
Workers Occupying Chicago Factory Suffer as Bank of America Renegs on its $25 Billion Bailout Commitment to Extend Lending
Don Babwin, Associated Press, December 8, 2008
The nation's grim economy now has a rallying point: Employees at a window-and-door factory that went out of business have taken over the building in a siege that has come to symbolize the woes of the ordinary worker.
The Republic Windows and Doors factory closed abruptly last week after Bank of America canceled the company's financing. Since then, about 200 of the 240 laid-off workers have taken turns occupying the factory, declaring that they will not leave until getting assurances they will receive severance and accrued vacation pay....
Blagojevich on Monday ordered all state agencies to stop doing business with Bank of America to pressure the bank into using federal bailout money it received to help the laid-off workers. "We hope that this kind of leverage and pressure will encourage Bank of America to do the right thing for this business," Blagojevich said outside the plant. "Take some of that federal tax money that they've received and invest it by providing the necessary credit to this company so these workers can keep their jobs."
Democratic Sen. Dick Durbin of Illinois said he wanted to ask his fellow senators to remind banks that the bailout wasn't to be used for dividends and executive salaries. "They're for loans and credit to businesses just like Republic," he said.
See Also:
Sign the Jobs with Justice petition to support the workers occupying the Chicago factory & hold Bank of America accountable.
"How Fumbling the Bailout Led to the Chicago Sit In," by Ian Welsh for Firedoglake, December 8, 2008
