Workers at the Des Plaines Hartmarx suit plant voted Monday to stage a sit in - a la Republic Windows and Doors - if Wells Fargo goes forward with plans to liquidate the company and its assets. Hartmarx filed for Chapter 11 bankruptcy in January, and Wells Fargo, which took $25 billion in federal bank bailout funding in October, holds over $100 million of the company’s debt. Wells Fargo issued a statement on Monday saying that Hartmarx "has been in default of its loan obligations to banks in the group that have provided it credit, including Wachovia Capital Finance, part of Wells Fargo."
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Suitmakers at Hartmarx Vote to Authorize Sit-In
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