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Gov. Peter Shumlin, who plans to address the deal at a press conference later Monday morning, called the deal “good news” for IBM’s Vermont employees and pledged to work with GlobalFoundries to “make this a successful transition.”

“GlobalFoundries plans to maintain the workforce and continue operations in Vermont, good news for the talented Vermonters employed by the plant and for our whole state,” Shumlin said in a written statement.

For years, the governor said, the state has “felt uncertainty regarding IBM’s future in Vermont.”

“That is why it is very good news for Vermont’s longterm future that IBM’s facilities here will be acquired by GlobalFoundries, a successful and growing chip-manufacturing company that views our highly skilled workers and advanced R&D and manufacturing facilities as important to its strategic growth,” he said.

http://www.sevendaysvt.com/OffMessage/archives/2014/10/20/ibm-to-offload-chip-unit-essex-plant-to-globalfoundries

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Posted October 20, 2014 by tmusicfan in Politics, Quote of the Day

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