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Factory Sit-In Ends in Victory

Workers win severance and benefits

By Peter Fearon, Newser Staff

Posted Dec 11, 2008 2:44 AM CST

(Newser) – Laid-off workers who occupied a Chicago factory have agreed to end their sit-in after winning severence pay and benefits, Reuters reports. Each of the 200 workers at shuttered Republic Windows and Doors will receive two months pay, accrued vacation and two months health care coverage. The $1.75 million cost of the deal is being covered by the company's creditors.

The occupation came to symbolize Main Street's resentment of the Wall Street bailouts. "This money will only be used to pay the workers the benefits they are owed under the law, and will not, under any circumstance, be used for corporate bonuses, luxury cars or any other perk for the owners," said local Rep. Luis Gutierrez , who brokered the deal.

Demonstrators march through downtown Chicago in support of Republic Windows and Doors workers. (AP Photo/Gerald Herbert)

Picketers march in support of workers occupying the Republic Windows and Doors factory in Chicago. (AP Photo/M. Spencer Green)

Rep. Luis Gutierrez brokered a deal which ends the occupation of a window and door factory that gives 200 workers severance pay and some benefits. (AP Photo/M. Spencer Green)

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Factory Sit-In Ends in Victory

Workers win severance and benefits

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Wall Street • Chicago • Bank of America • bailout • JPMorgan Chase • Main Street • financial crisis • Republic Windows and Doors • Rep. Luis Gutierrez • severance pay • lay-offs

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More Newser Stories

US Banks Paid Employees Record $145B in 2009

Haul breaks mark set in pre-bust 2007

US Banks Hiring Again After Layoffs, Bailouts

But headhunting 'selective,' notes banker

Feds Let Lehman Fail—Then Loaned It $138B Anyway

Paulson & Co. say cash was to 'facilitate orderly wind-down' of trades, but questions persist

Bank Woes Push Dow Down 196

JPMorgan Chase, Bank of America, Citigroup all see big drops

JPMorgan to Pay Chicago Protesters

Creditors respond to sit-in with loans, severance offer

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Factory Sit-In Ends in Victory

Workers win severance and benefits

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OTHER STORIES ON OUR RADAR

Wall Street • Chicago • Bank of America • bailout • JPMorgan Chase • Main Street • financial crisis • Republic Windows and Doors • Rep. Luis Gutierrez • severance pay • lay-offs

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

US Banks Paid Employees Record $145B in 2009

Haul breaks mark set in pre-bust 2007

US Banks Hiring Again After Layoffs, Bailouts

But headhunting 'selective,' notes banker

Feds Let Lehman Fail—Then Loaned It $138B Anyway

Paulson & Co. say cash was to 'facilitate orderly wind-down' of trades, but questions persist

Bank Woes Push Dow Down 196

JPMorgan Chase, Bank of America, Citigroup all see big drops

JPMorgan to Pay Chicago Protesters

Creditors respond to sit-in with loans, severance offer

About Us

Site

Newser By Users

Community

Site Maps

Tools

More News

What is Newser?