Thursday, February 27, 2014
"I have been advised by leadership at the IBM Vermont plant in Essex Junction of layoff notifications there as part of a global workforce reduction. This is difficult news for the affected workers and their families, as well as for the communities that also suffer the impacts of job reductions. I pledge to work with my team to help in every way we can. I understand the number of workers affected in this round of cuts is significantly lower than the last round of reductions, only about one-third the size, although we will not know the exact number of affected workers until the process is completed and a state notice is filed by the company next month.
"While we never want to hear about employment losses, Vermont has diversified its economy in recent years, with recovery and job growth across many sectors. We also enjoy the 5th lowest unemployment rate in the country — the lowest rate east of the Mississippi. Companies in Vermont are looking for highly skilled, educated workers like those being affected by this reduction at IBM. We stand ready to offer all of our resources to help find good Vermont job opportunities as soon as possible for those who will face layoffs as quickly as possible."
"IBM continues to rebalance its workforce to meet the changing requirements of its clients, and to pioneer new, high value segments of the IT industry. To that end, IBM is positioning itself to lead in areas such as Cloud, Analytics and Cognitive Computing and investing in these priority areas. For example, already this year we have committed $1 billion to our new Watson unit and $1.2 billion to expand our Cloud footprint around the world. In addition, just this week IBM announced a $1 billion investment in platform-as-a-service Cloud capabilities, as well as investments in areas such as nanotechnology which will bring hundreds of new jobs to New York State. This also creates new job opportunities at IBM. At any given time, IBM has more than 3,000 job openings in these and other growth areas in the US. IBM's total workforce has remained stable over the past three years, and IBM now employs more than 400,000 people worldwide."
“This is terrible news for the affected employees, their families and communities. While I am relieved to learn the number of workers affected in this round of layoffs is about one-third of the 419 employees impacted in the last round, the fact of the matter is more than 100 Vermonters are losing their well-paying jobs. The trend of job losses over the last two years is concerning. This month, Plasan Carbon Composites in Bennington also announced triple-digit layoffs. In addition, the impending closure of Vermont Yankee means even more high-paying jobs will disappear from our state. I fear we in Montpelier are simply not doing enough to grow our economy, create high-paying jobs, or make it easier to do business within our borders. Today’s news is proof we cannot wait another second to turn our full focus to rectifying this economic situation we find ourselves in.”
Tags: IBM , Layoffs , Unemployment , Essex Junction , Image , Web Only