The students and youth of SDS stand in solidarity with the union workers of UE Local 1174 in their fight to keep Quad City Die Casting open. We condemn the Wells Fargo bank for refusing to finance the factory of Moline, Illinois. This outrage comes after Wells Fargo received $25 billion dollars of taxpayer’s money in a bailout earlier this year. Wells Fargo is sitting on the money. So now a locally owned factory employing over a hundred workers is being forced to shut their doors. However, the union workers are fighting to save their jobs!
SDS is joining with the demand f the UE workers that wells fargo finanace the company so they keep thier jobs. Like the Republic Window and Door workers in Chicago this past December, it is unacceptable that a huge bank receives billions in bailout funds yet hangs the workers out to dry. Wells Fargo received $25 billion dollars from the recent bailout.
We are calling on all students and youth to hold protests at their local Wells Fargo banks and to express solidarity with the workers in Moline. Support the Quad City workers and their jobs! Pressure Wells Fargo to extend a line of credit to the Quad City Die Casting factory.
Further, we are asking students to go to the factory in Moline, Illinois and stand with the workers while they are fighting for their jobs.
Make the Rich pay! Keep Quad City Die Casting open!