Illinois Governor Suspends Business With Bank Of America

Illinois Governor Suspends Business With Bank Of America

Illinois Governor Rod Blagojevich announced Monday that he is asking all Illinois government agencies to suspend business with Bank of America. Blagojevich contended that Bank Of America received a multi-billion dollar bailout from the government and should accordingly restore credit to the Republic Windows & Doors company in Chicago

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Officials from Bank of America, which canceled the company's financing, are scheduled to meet Monday afternoon with Republic officials and union leaders.

Read more about the protest:

About 200 workers who lost their jobs last week with little notice have been occupying the plant around-the-clock in eight-hour shifts, said Fried said. About 60 were inside early Monday.

Rep. Luis Gutierrez said Monday's meeting would address the workers' concerns.

Company officials have not commented since the sit-in began Friday, and have not responded to calls and e-mails. Gutierrez said company officials had signed a waiver permitting the opening of its financial records at the meeting.

Republic Windows and Doors told the workers on Dec. 2 that they would be out of work by the end of the week.

Fried said the company told the union that Bank of America had canceled its financing. The bank had said in a statement that it wasn't responsible for Republic's financial obligations to its employees.

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