78 jobs cut at Global Foundries – Essex Reporter

New owners of the Global Foundries (formerly IBM) plant have informed the State of Vermont about their plans to cut staff.

“Seventy-eight employees are expected to lose their jobs come January as a result of the recent purchase of a GlobalFoundries subsidiary by a global semiconductor company, according to a “warn notice” letter to the state. Per that “warn notice,” which companies are required to send to the Dept. of Labor 45-days ahead of any planned layoffs of more than 50 people, cut positions run from the executive level to staff engineers. Those layoffs are effective come January.

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