IBM cuts employee hours at Vermont plant

July 28, 2003 – Slow demand in the semiconductor industry will hit home for more than 2,000 IBM employees, who will see reduced hours starting next month.

Workers at IBM’s Essex Junction chip manufacturing line will work 36 hours every week, while getting paid for a 40-hour week — but losing overtime opportunities. The schedule mirrors cost-saving measures implemented at the plant about two years ago and removed about eight months later.

Last year IBM laid off 988 workers at the Vermont plant as part of a restructuring plan.


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