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.

Read the Full Story Here

Comment Below...

Be the first to comment

Please check your e-mail for a link to activate your account.