"Chicago Factory Occupiers Form Worker Cooperative"
If anyone has been losely following this struggle as I have, this news might come as quite a shocker. I hadn't seen much on the Republic windows struggle since the last strike.
Well, apparently after the last strike the managment of the window and door making factory decided the factory was no longer a profitable business. So what do they do? Offer to sell the company to the workers--- for $2 million. Otherwise they will all be out of work.
Wow, just wow. Maybe I'm this shocked because I've been reading into "workers co-ops" lately. Or maybe it's because the owners of the factory slyly transformed a strike action into a potential business deal. One which also turns all those striking workers into mini-capitalists. Heartbreaking.
Is this precedented? Managment "losing" a struggle, and writing off their loses by selling the failing business back to workers? Whoa, just whoa.