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Workers Win a Big Round in Chicago Factory Sit-In

A worker takes part in a picket outside the Republic Windows and Doors factory on December 8 in Chicago, Illinois. Workers occupying the window-making factory have been offered a lifeline after the bank, which had cut off financing to the production facility, said it would give the company a new loan to help cover the costs of their vacation and severance pay. (AFP/Getty Images/File/Scott Olson)

CHICAGO - The creditor of a Chicago plant where laid-off employees are conducting a sit-in to demand severance pay said Tuesday it would extend loans to the factory so it could resolve the dispute, though the workers declared their protest unfinished.

A resolution seemed nearer as Bank of America, which yanked the plant's financing last week, announced it sent a letter to Republic Windows and Doors offering "a limited amount of additional loans" to resolve its employee claims.

Posted in labor, protest