Breathe easy, residents of Corning, New York — your biggest employer is staying put.
Peter Volanakis Chief Operating Officer, of Corning Inc., on Tuesday said the company, which makes fiber optic cable and liquid crystal glass used in TVs and computer displays, has no plans to leave the small town it has called home for some 130 years.
Asked if the comany, which earns two-thirds of its revenue outside of the U.S., was considering pulling up its roots, he said “No, that is our home.”
“That’s our headquarters, that’s where our laboratory is,” he said on Tuesday at the Reuters Global Technology, Media and Telecoms Summit in New York. “All roads for us lead back to our central laboratory (there).”
The vote of confidence for New York’s “Crystal City” comes as other household names in the state in recent years have significantly pared thier workforce, most notably camera and film maker Eastman Kodak and printer and copier maker Xerox Corp.
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