Endicott Interconnect Technologies Lays Off Workers Under Restructuring
Several Endicott Interconnect Technologies workers, who were recently furloughed ,are now told to stay home permanently.
EIT has confirmed the layoffs as part of restructuring as Integrian Holdings LLC is in the process of buying the troubled electronics company out of bankruptcy.
Integrian had been offered a $2.5 million dollar incentive by New York State to keep the 575 jobs at the former IBM Endicott facility.
It’s not clear if that money will no longer be available to Integrian, but Empire State Development issued a statement saying it remains committed to working with EIT and its ownership.