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Shumlin discusses future of IBM in Vermont - WCAX.COM Local Vermont News, Weather and Sports-

Shumlin discusses future of IBM in Vermont

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ESSEX JUNCTION, Vt. - Gov. Peter Shumlin, D-Vermont, recently met with IBM executives to discuss the future of the company in Vermont.

The workforce at the Essex Junction plant has been shrinking steadily for more than a decade with the most recent layoffs this past March. Recent speculation that the plant was for sale fueled fears the plant could eventually close.

Shumlin has been looking for ways to make sure that doesn't happen, including creating of a $4.5 million fund that could be offered as an incentive to keep the plant open.

GlobalFoundries and IBM were reportedly in negotiations for IBM to sell off its chipmaking division earlier this summer. Neither company confirmed the talks, but financial media reported last month that the deal fell through. Many in Vermont worried what a possible sale could mean for workers here and the Vermont economy.

Watch the video for the live interview with the governor.

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