Workers of Quad City Die Casting to block road, risk arrest: Call Wells Fargo a "Roadblock to Recov

[ensho]

http://discuss.epluribusmedia.net/content/ue-press-release-workers-quad-city-die-casting-block-road-risk-arrest-call-wells-fargo-roadb


Workers at Quad City Die Casting are in a race to save their jobs, health insurance and benefits. They are prepared to block a road and risk arrest to dramatize that Wells Fargo is acting as a roadblock to economic recovery.



UE, the workers’ union, charges that Wells Fargo is acting as a roadblock to economic recovery by choosing to close and liquidate Quad City Die Casting instead of doing what is necessary to keep the company in business until a sale is finalized. There are currently several interested parties looking to make a bid to purchase the company.

Wells Fargo pulled financing from Quad City Die Casting, forcing the company to announce it would close this summer. Over 100 people stand to lose their jobs, with an economic impact on the Quad Cities of $6.1 million annually in lost wages and tax revenue.

To add insult to injury, Wells Fargo would not approve the expenditure of pay and benefits owed to workers. According to company management, Wells Fargo approves all expenditures by the company on a weekly basis.

-snip-

UE is the union that occupied Republic Windows and Doors, winning a $1.75 million settlement for the workers in December 2008. Wells Fargo is the bank that had attempted to liquidate Hartmarx and was recently pushed to save those jobs and sell the company.
------------------

I heart Unions

[Lydia Leftcoast]

1. Anybody who thinks unions are no longer necessary...

:grr:

[juno jones]

2. Perhaps IL has to go thru with it's threat to

drop Hells Cargo from state buisness. And maybe Iowa should follow suit.

[Lydia Leftcoast]

3. Note how this thread has sunk, while there are a bazillion threads

about the Unrecommend feature and were a bazillion threads about Michael Jackson.

Yet THIS is the kind of thing we're supposedly fighting for.