Announcing Workforce Expansion Program

DATE: Friday, March 22, 2019

TIME: 11:00am -11:30am

Tour of manufacturing lab follows press conference

LOCATION: Vermont Tech, Williston Campus

201 Lawrence Place, Room 401B

Williston, VT 05495

Vermont Technical College and GlobalFoundries announced today that Governor Phil Scott will be attending and speaking at a press conference to announce the launch of their GlobalFoundries Technician Program on March 22, 2019. The press conference will begin at 11:00am with opening remarks by the Governor, followed by Vermont Tech President Patricia Moulton and GlobalFoundries' Senior Location Executive Dale Miller. A representative from Senator Bernie Sander's office will also be in attendance as the organizations detail the new workforce development opportunity for Vermonters to gain a credential of value while employed and earning a salary. This opportunity expands access to post-secondary training for high school graduates through this innovative public-private partnership between Vermont Tech and GlobalFoundries.

"Only 1 percent of jobs created since the Great Recession in 2008 require only a high school diploma," says President Moulton, citing research by the Georgetown University Center on Education and the Workforce. "We need to give more access to higher education for Vermont citizens to be prepared for today's and tomorrow's workforce. It's part of Vermont Tech's responsibility as a public institution to find ways to make that possible," she concludes.

"GlobalFoundries is invested in Vermont and our facility here. We currently have an urgent need for more skilled technicians and expanding our partnership with Vermont Tech to include this apprenticeship program is an excellent way for us to create a pipeline of career-ready employees for both our near term and longer term needs," says Dale Miller, Senior Location Executive with GlobalFoundries.

The apprenticeship program is open to high school graduates with demonstrated technical aptitude and high scholastic accomplishments inside and outside the classroom. The program cost of $5,250 per year is free to participants while they earn $18.50-$20.80 an hour, based on shift differential. Employees who complete the apprenticeship program will earn credits toward their associate degree, which can also be completed at Vermont Tech while working full-time with GlobalFoundries using tuition reimbursement benefits.

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About GlobalFoundries - GLOBALFOUNDRIES (GF) is a leading full-service foundry delivering truly differentiated semiconductor technologies for a range of high-growth markets. GF provides a unique combination of design, development, and fabrication services, with a range of innovative IP and feature-rich offerings including FinFET, FDX™, RF and analog mixed signal. With a manufacturing footprint spanning three continents, GF has the flexibility and agility to meet the dynamic needs of clients across the globe. GF is owned by Mubadala Investment Company. For more information, visit www.globalfoundries.com.