http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4602433<snip>Bank of America received $15 billion in bailout funds, and a few weeks later invested $7 billion in the China Construction Bank. Federal agencies gave banks $125 billion last month, saying they "expect all banking organizations to fulfill their fundamental role in the economy as intermediaries of credit to businesses, consumers, and other creditworthy borrowers" -- but setting no actual requirements, according to the New York Times.
Republic Windows, in existence since 1965 and a longtime Bank of America customer, "is a company that under normal circumstances would be able to continue their operation," Meinster said.
He said workers were concerned because the company moved some equipment out of the plant last weekend -- they were told it was being returned to leasing companies -- and managers were removing computers and files.
"They told us everything hinges on financing from Bank of America," Meinster said. "They said they hope to keep operating but it's day-to-day."
He said the union got "no firm commitment" that legal requirements for 60-day notice or 60 days of pay, along with all owed benefits, would be met.
Republic told union officials a meeting with the bank is scheduled for next Tuesday, Meinster said.
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Most doors are now made overseas.... windows as well.
The factory worker 'get' what is happening.