Threatening to withhold government business from Bank of America, Illinois public officials were negotiating yesterday with representatives of a shuttered Chicago company and the bank in an effort to broker a deal that would allow the manufacturer’s employees to receive vacation and severance pay.

About 250 employees who worked at Republic Windows and Doors have been holding a sit-in at the company, which was forced to close last Friday with only a few days’ warning after Bank of America suspended the company’s credit line.

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