Monday, December 8, 2008

Workers and Taxpayers take a stand in Illinois

Workers and Taxpayers in Illinois are taking a stand against their employer and the bank that refused to provide credit so that the company can make payroll and comply with the Federal WARN act. The bank in question received TARP funds, ostensibly to fund the purchase of a failing institution, but the intent of those funds is the emergency stabilization of the economy. This should qualify.

The Federal WARN act requires employers of a certain size provide 60 days' notice to workers of layoffs over a certain threshold. Many companies provide this notice by paying workers at least 60 days of salary or wages.

I hope that we see more workers and taxpayers taking a stand against big business.

No comments: