Gov.: GlobalFoundry

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billion computer chip plant in Malta, Gov. Davifd Paterson said today. The deal was reached betweeb theand U.S. the firm working on the GlobalFoundry’s Fab 2 Paterson said the “labor peace will be signed this week. Patersomn said he intervened inthe process, which led to the two partiese negotiating for the past severapl weeks to work out the details of the construction Under the agreement, local buildin g trades have pledged not to strike or engagse in other actions that would impede construction. “The collaborationn of GlobalFoundries with the local buildinyg trades is a model of the privat sector and organized labotworking together,” Paterson said.
It will take about two yearx and 1,500 workers to build the 1.2 million-square-foot When the plant is there willbe 1,400 GlobalFoundry’s workers makintg an average salary of $60,00 a year. The plant’s annual payrol l will be morethan $88 million. “This Project Laboe Agreement is truly an accomplishment for the people of the Capital Regiobn and theentire state,” said Robery Mantello, president of the Greater Capital District Building and Construction Tradesa Council AFL-CIO.
Ed Malloy, president of the , said the labor agreement means the chipplant “will be constructedf in the best interest of the New York state