In December 2008, Republic Door and Window employees were laid off with a three-day notice, not the required 60-day layoff notice. How could this happen? Well, credit markets are tight and the company couldn’t get the money it needed to pay expenses, so it was forced to close its doors. Obviously, with new home starts at a standstill and the subprime crisis, not many homebuilders are ordering many doors or windows and with the economy in the depths of a recession, not many people are remodeling.

Okay, we know all this well, but now Republic Door and Window employees are not going to leave the premises and tell the media that they are owed severance pay, vacation pay, sick days, and not to be they will go until they receive the money. . Furthermore, they refuse to allow secured creditors in to close the doors or collect assets. The employees say their rights were violated and go to the bank. If they don’t get satisfaction from the bank, they will have a protest march in downtown Chicago in two days or on December 11, 2008.

The workers are joined by unions, some of whom are hoping for a bailout package for automakers as they believe they could be next. Others include unionized construction workers and many other local unions. President-elect Obama was on TV with reporters telling everyone that workers are entitled to what they’re owed, the benefits they’ve been promised, and the money they’ve earned. So now the angry workers seem to feel they have the right to protest until their demands are met.

Now, we all know that previous laws passed require companies to notify employees 60 days before layoffs. But we also know that banks are busy revoking business lines of credit. Now if the employees get away with it, and keep in mind that they are telling the media that they are protecting their assets, such as the doors and windows that have already been finished, and the equipment within the company, in case of that they have to sell it to get their back money, which they claim they are also entitled to.

It doesn’t matter that the bank already has those assets guaranteed and that the company’s suppliers are in line to take what’s left in a bankruptcy auction. If employees go to the bank filing a lawsuit, what will happen? Well consider this, right now about 1/3 of all businesses don’t have enough cash reserves to pay all of their employees and benefits 60 days in advance and still operate their businesses.

Therefore, should you win a lawsuit on behalf of employees, many companies will be forced to immediately announce layoffs for fear of breaking the law or not having the money they need on hand and thus exposing employees. its executives to criminal actions. Penalties Banks that realize this will also want to reduce their risk and require “escrow accounts” or 60-payment insurance on all work. Again, this will lead to more layoffs and closures of businesses and the revocation of more business lines of credit.

Now, Republic Door and Window employees could get funding for an ESOP, but most people in America already have 150% short-term debt, and most likely can’t even get a loan for it. a car at this time, much to the displeasure of those nearby. in Detroit. Would employees be willing, if they could, to go online or buy the debt necessary to buy the company or save it from bankruptcy? No, most likely not, why would they want to take the risk at this time of a manufacturing company selling to the home building or commercial industry, which is not exactly the right sector to be in right now, right? ?

Of course not, times are tough, and these employees are demanding something that just isn’t doable and if they don’t get it, they’ll protest in the streets of Chicago, because the president-elect tells us it’s their right to “community organizing” and March. You may not see the irony in all of this, but to better understand, why not read Ayn Rand’s “Atlas Shrugged” and consider where we’re headed if we enter the era of rights riots? Think about this.