May 26, 2009
Union angry at bailed out bank
Union workers in Illinois are demanding that Wells Fargo & Co. save their jobs by extending credit to a metal die cast facility until a buyer is found.
The company, Quad City Die Casting in Moline, Ill., has told workers that the plant will close July 12 at the cost of more than 100 jobs. But members of the United Electrical, Radio and Machine Workers of America, 80 of whom work at the plant, are pressing the bank to keep the plant open.
Wells Fargo, who received $25 billion in federal bailout funds is refusing to extend "¦ credit, the union said in a statement.
Small businesses need credit to keep going during these tough times. Wells Fargo got bailed out with billions of dollars. We demand that the bank not sell us out, die cast technician Keith Scribner said.
They say the banks are too big to fail, but what about us? Aren't our families too important to fail? plant worker Deborah Johann said.