The labor dispute at the Republic Windows and Doors factory in Chicago ended after six days of a sit-in. Some 200 laid-off workers were protesting the lack of severance pay and vacation pay.
The key to ending the conflict was a $1.35 million loan from Bank of America, which had previously cut off financing for the company. Another $400,000 was offered by JPMorgan Chase, which owns 40 percent of the company.
Employees of the Chicago manufacturer learned last Friday that the company was shutting down immediately, without severance packages for its workers or payment for unused vacation time. Republic Windows and Doors claimed that its lender, Bank of America, had abruptly cut off its funding.