IL Factory workers to sit in if they try to close the factory

[walldude]

http://crooksandliars.com/susie-madrak/suit-factory-workers-we-will-not-leav

This is unreal. I have had it with the banks.

DES PLAINES, Ill. (CBS) ― Five hundred workers at the Hartmarx suit factory in northwest suburban Des Plaines have authorized a sit-in over the threat that the company's largest creditor may shut it down.

Employees want the largest creditor for the 130-year-old Chicago area company, Wells Fargo Bank, to help it reorganize instead of shutting it down. In the event that the factory closes or is liquidated, they will not leave.

Wells Fargo has received $25 billion in federal bailout money, and has the option of either selling the bankrupt Hartmarx to bidders or forcing the company to shut down. If that happened, the 600 workers at the factory would lose their jobs.

So Wells gets 25 billion in free fucking tax payer money and wants to shut down a factory because it's cheaper and easier to liquidate then it is to re-organize.

I guess next time they can take the unemployment checks of all the people they laid off.

I hope these workers have the same success as their brethren at Republic Windows who staged a sit in and should be back to work soon.

Obama needs to stop the bailouts now. We give the banks money and we are rewarded for saving their asses by getting higher interest rates, having due dates changed so they can collect late payments, having businesses closed down... I'm beyond pissed at this point...

[walldude]

1. Self kick...

[Mari333]

2. kick and rec

[surrealAmerican]

3. kick.

I hope they succeed. Six hundred jobs may not sound like much, but it means a lot to the town, and could encourage others in similar situations to stand up to these banks.

[walldude]

5. 600 in that factory plus a thousand others across the state...

So 1600 jobs total... LIke you said may not sound like much but to those 1600 it's important as hell, and any one of us could be one of them. Thanks for the kick...

[Chisox08]

4. k and r

[ProgressiveProfessor]

6. Don't think this is going to work this time.

The haberdashery biz is in the toilet. Who wears suits in the days of business casual? HSM makes a good suit at a fair price but between business casual and Mens Warehouse, where is their market? This is not capitalism run amuck, or management taking the company out of state, its more like the market went away.

[Deja Q]

7. How many more markets will simply go away?

What do we do then? Fly and learn to eat sunrays because we can't rent or buy a house on land we'd pay tax for, much less eat anything so we'd have to eat sunlight... before somebody finds a way to bottle and sell that as an automated process to keep those pesky labor costs low...

[ProgressiveProfessor]

8. Its a natural progression. We don't have many buggy whip makers these days.

The window plant was really a different case that a company who's market has in many ways evaporated. Who would want to wear a suit every day if they had a choice? I own a few and some sport coats, but have not bought a new one in years. I checked and one is a HSM. I don't ever see myself buying more in my lifetime at this point.