Speculation about this plant closing has been in the local papers for a decade.  One time, they’ll get it right.

IBM is thriving, except for the division that includes Vermont’s microelectronics plant.

Revenues and profits have increased substantially, and IBM’s stock is trading near its 52-week high of $130 a share. But the computer giant’s Systems and Technology division, the business group that includes the Essex Junction plant, has seen revenues lag — alarming local workers and fueling rumors of large-scale layoffs.

Company spokesmen have said little to quash the concerns, sticking to a policy of not commenting on rumor or speculation. [Burlington Free Press]