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IBM to retain jobs, invest in NY nanotechnology

25/02/2014 by


IBM is growing its nanotechnology investment in New York and pledging to retain thousands of jobs while adding hundreds more, Gov. Andrew Cuomo announced Monday.

The company said it would keep up to 3,100 high-tech jobs over the next two years at its plants in New York and add about 750 new jobs, which were mostly lost to layoffs in September.

“This agreement will keep thousands of high-tech jobs in New York and maintains IBM’s strong commitment to stay and grow in our state,” Cuomo said.

The agreement with the SUNY College of Nanoscale Science and Engineering in Albany calls for IBM to maintain 2,350 jobs in New York and add 750 jobs at its semiconductor plants in Albany, Dutchess County and Yorktown Heights.

IBM will also be bringing 500 new jobs to the Buffalo area. They will setup shop in a new computer information technology center there, with $55 million in state funding.

The news comes following Alliance@IBM’s report earlier this month that more job cuts would be hitting IBM employees in New York. The national IBM employees’ union said the cuts would target facilities in East Fishkill, Poughkeepsie and Essex, Vermont by the end of February.

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