Sale of GlobalFoundries Subsidiary Leads to Layoffs of 78 Vermont Workers
Thursday, November 7, 2019
Posted by: Jeff Couture
We now know the number of Vermont workers laid off as a consequence of the sale of a GlobalFoundries subsidiary: 78.
California-based chipmaker Marvell alerted the Vermont Department of Labor to the Essex Junction job cuts in what's known as a "warn notice" letter. The cuts are effective in early January.
The news comes two days after Marvell completed its $600 million purchase of Avera Semiconductor, which GlobalFoundries spun off in October 2018 as an 800 employee subsidiary with workers in Vermont, New York and overseas.
Seven Daysreported on Wednesday that people were losing their jobs. But the number of workers laid off wasn’t known until Thursday, when the labor department received Marvell's notice of the coming cuts. Companies are required to give the state a 45-day heads-up if they plan to lay off more than 50 people.