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IBM: What's at stake if Vt.'s largest employer sells its Essex plant?

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Posted on May 5, 2014 |
By Michelle Monroe (St. Albans Messenger)



ibm VT Slide1.jpg
IBM EMPLOYS AROUND 4,000 people in its Essex chip fabrication plant, which is estimated to contribute more than $1 billion to the Vermont economy. Big Blue is expected to sell the facility as it changes its business strategy.

ESSEX JUNCTION — IBM, the largest single private employer in Vermont, is putting its semi-conductor business up for sale, according to reports in the financial press. Frank Cioffi, president of the Greater Burlington Industrial Corp. (GBIC), however, is hopeful that if the Essex facility is sold, it will remain open under new ownership.

The potential impact on the regional economy should IBM close would be enormous.

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