Thursday, December 11, 2008

Chicago factory workers end sit-in - Los Angeles Times

Their jobs gone, the factory machinery rumored to be moving to the state of Iowa, Republic Windows and Doors settles with workers. [excerpt] ... Workers will receive about eight weeks' severance pay, accrued vacation time and two months of healthcare coverage, officials said. About $1.75 million will be put into an escrow account to be supervised by the workers' union. ... Note the figures for the Bank of America and J. P. Morgan bailouts listed in the last paragraph of the article are incorrect. The current amounts are $15 billion and $25 billion, respectively. Read more at the Los Angeles Times

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