The company that purchased the IBM microchip plants in Vermont and New York is offering voluntary buyouts to many employees in response to a downturn in the industry.
GlobalFoundries Spokesman Jim Keller said Friday that the voluntary separation program has been offered to U.S.-based employees including those in Essex Junction, and East Fishkill and Malta, New York.
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He said employees who choose the program will be offered incentives but he would not say what those were.
Gov. Peter Shumlin says it's important to note that this is a company-wide effort - not specific to Vermont - which is being driven by global market demands.
GlobalFoundries announced in July that it had completed its purchase of IBM's microchip plants in Vermont and New York.