78 to be laid off in GlobalFoundries subsidiary deal
Vermont labor officials say about 78 workers are expected to lose their jobs as part of GlobalFoundries sale of a subsidiary company this week.
Acting Vermont Labor Commissioner Michael Harrington Thursday said the state was told that the job cuts will impact a range of employees, from executives to front line workers and are expected to take place in January.
Officials with Marvell confirmed the acquisition of Global's Avera Semi business that took place on Tuesday. Avera was one of the subsidiaries of IBM that Global acquired when it bought the Essex Junction semiconductor plant four years ago.
"A number of functions between the Marvell and Avera teams were identified as redundant and have resulted in the elimination of a small percentage of positions worldwide," said a statement from Marvell Wednesday.
"There's a right-sizing that happens. So, again, maybe that there are duplicative roles right now that they're looking to staff down in one area and down in another area," Harrington said.
Laurie Kelly, a spokeswoman for GlobalFoundries, says the Vermont plant still has 2,300 employees. She says about 800 moved to Avera, and ultimately Marvell.