Sunday, January 25, 2009

[PDI] Serious Materials

From: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/01/15/BU7F159UIJ.DTL
 
Righteous capitalist: Remember that union sit-in early last month at a Chicago factory that rivaled "Norma Rae" for drama and working-class justice? It turns out that the Sunnyvale green building company,
Serious Materials, is doing more than applauding. It's negotiating to buy the factory and rehire the workers.
 
Serious Materials, which specializes in sustainable glass and other green building materials, is discussing the idea with creditors of the now-bankrupt firm, Republic Windows and Doors. Approximately 200 union workers occupied the plant for several days in December after being summarily fired just before Republic's bosses closed the place. The sit-in ended only after Republic's chief creditor, Bank of America, agreed to kick in the money for their unpaid severance and accrued vacation pay.
 
Serious Materials CEO Kevin Surace contacted the union, United Electrical Workers Local 1110, when he saw the story. Now with the union fully backing the proposed deal, Surace said, it's up to the judge handling Republic's bankruptcy - and Bank of America as the chief creditor - to allow it. "They could stall it, they could let the deal go through tomorrow," Surace said. "Hopefully we'll wrap it up soon."


 
 
"I have lost faith, godammit! I put my faith in the People and that was a mistake! This is a shit people! They get stolen blind by their politicians and they lick their boots. They send their kids off to die for somebody's business deal and they celebrate it like they're doing something heroic! This great and glorious people! Lazy sacks of junk food and jingo!"
 
From: "The Army of the Republic"  by Stuart Archer Cohen
 



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