Update again: Looks even closer:
Leah Fried, a spokeswoman for the union representing the workers, said Tuesday that it was too soon to know whether the sit-in will be called off. She said that workers would have to vote to end the action but that negotiations among the bank, the company and union representative continued.
The media appears to have jumped the gun. UE says talks continuing. Sorry. Victory is close, but not yet here.
Talks that began at 1:00 pm today in Chicago are continuing. No settlement has reached at this time.
Yesterday, Bank of America issued a statement that it was willing to provide a “limited amount” of additional loans to Republic Windows and Doors to help resolve the plant occupation.
Late this afternoon some news organizations published stories, based on the bank’s statement yesterday, that are factually incorrect (an accurate account appears on the Chicago-Sun Times website).
We will provide updated information as it becomes available.
“Bank of America is prepared to make these additional loans despite the fact that Bank of America is not obligated to pay Republic’s employees or make additional loans to Republic,” the bank¹s statement said.
Republic, its worker representatives and others are meeting this afternoon to try to resolve the standoff. The Bank of America spokeswoman said she did not know whether the bank¹s offer would be discussed at the meeting.
This just means we keep up the pressure. Victory is close!!
CHICAGO – 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.
Direct action works! There’s a lesson here. No more just taking it. No more keeping our powder dry.
We need more unions like UE:
The Preamble of the UE Constitution, unchanged since its adoption in 1936, articulates the principles that built our union and which make possible the kind of creative, bold action that has captured the attention of the nation and the world at Republic. “We…form an organization which unites all workers… and pursue(s) at all times a policy of aggressive struggle to improve our conditions.”
Agressive struggle. Yes!!! Don’t you wish the so-called Progressive netroots followed that strategy?
More, after the fold.