Reply #63: Republic Windows and Doors is planning to move its plant to Iowa because of cheaper labor costs

[IndianaGreen]

The plant closing was precipitated by Bank of America’s refusal to extend any more credit to the company, despite the fact that B of A has received $25 billion in bailout funds. These billions were supposed to help relieve credit shortages and help sustain jobs. Instead, the banks are using taxpayer dollars to merge into larger banks. Bank of America and JP Morgan Chase are the two banks that invest in Republic Windows and Doors. The workers are owed an average of 75 days’ pay and vacation. Companies are bound by federal law to either give 60 days’ notice with pay, before a plant closing or layoff of 50 or more workers.

It is reported that Republic Windows and Doors is planning to move its plant to Iowa because of cheaper labor costs, and to get out of union obligations with the United Electrical Workers Union. Workers across the country are paying a heavy price for the bank’s and corporations’ theft. It’s time for the bankers and companies to pay, NOT THE WORKERS!

http://answer.pephost.org/site/R?i=0EoW0gfWiuBO0A5Ami_CLg..