Workers of the World Unite!

If you didn't know, workers at the Republic Window & Door factory have occupied company property for several days. The news coverage and the facebook groups paint the workers as oppressed by their bosses, banks, or whatever. I have not seen a full financial statement, but it is pretty clear that sales have fallen. The bosses are being blamed, but it looks like that's not the case.

Referring the the person who bought the company in 2006,

“Despite inheriting a company bloated with overhead and lacking any type of manufacturing discipline and/or productivity, the company made significant improvements only to encounter an unprecedented decline in new-home construction." Bloomberg

"Republic’s sales tumbled to $40.3 million this year from $52.3 million in 2007 as orders from homebuilders dropped to $6.3 million from $17.9 million, the company said in a statement." --Bloomberg

I wonder if the workers have really looked over all their options. If they really think the company can work, have they tried making an offer to buy the company? Financing through banks would be difficult for sure, but they clearly have many supporters giving them donations and volunteering. What if these supporters made a loan package available for them to do a leveraged buyout of the company? The Union probably has some money as well to inject in a buyout. Since I haven't seen a financial statement, I can't give you an estimate for the valuation, but if I see any I will post a valuation.