Money and Main Street
3 of 5
BACKNEXT
Quad City Die Casting factory, Moline, Ill.
Quad City Die Casting factory, Moline, Ill.

The Quad City Die Casting factory, which makes liquid metal molds for Kawasaki, John Deere and other companies, was profitable until the fall of 2008. But then, management informed the nearly 100 workers that the factory would close because Wells Fargo declined to extend credit, according to Leah Fried, organizer for Local 1174 of the United Electrical, Radio and Machine Workers of America.

She said the union, representing 80 members at the factory, filed charges with the National Labor Relations Board, claiming that the company denied vacation and health insurance benefits to them.

"The workers are asking Wells Fargo to cooperate with the process so the factory can be sold and people can keep working," said Fried. "Workers are willing to do whatever's necessary, including a plant occupation."

On July 7, workers protested in front of a Wells Fargo bank in nearby Rock Island. Twelve of the workers were arrested for blocking a road, to signify that "Wells Fargo is a roadblock to recovery," said Fried.

The fate of the workers and the factory is uncertain. Wells Fargo declined to comment.

NEXT: Republic Windows and Doors factory, Chicago
Last updated July 24 2009: 11:38 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
World's worst cities for rush hour traffic So you thought your city had the worst rush hour traffic in the world? More
America's best-performing female CEOs These women run companies whose stocks surged in the past year -- significantly beating the S&P 500. More
Tech's highest paid women Silicon Valley isn't known for its diversity, but it is home to a handful of highly paid female executives. More

Special Offer