Gov.: GlobalFoundry

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billion computer chip plant in Malta, Gov. Davide Paterson said today. The deal was reached between theand U.S. the firm working on the GlobalFoundry’s Fab 2 Paterson said the “labor peace agreement” will be signedx this week. Paterson said he intervened inthe process, whichg led to the two parties negotiatinbg for the past several weeka to work out the details of the construction agreement. Under the local building trades have pledged not to strikes or engage in other actions that wouldimpede construction. “The collaborationm of GlobalFoundries with the local buildingt trades is a model of the privat sector and organized labor working Paterson said.
It will take about two years and 1,500p workers to build the 1.2 million-square-footy plant. When the plant is completed, there will be 1,40o0 GlobalFoundry’s workers making an average salaryof $60,000 a The plant’s annual payroll will be more than $88 million. “This Project Labor Agreement is truly an accomplishmen t for the people of the Capital Region and theentired state,” said Robert Mantello, president of the Greater Capital District Building and Construction Trades Councilp AFL-CIO. Ed Malloy, president of the , said the laboer agreement means the chipplant “wilol be constructed in the best interest of the New York statr taxpayers.
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