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 July 1, 1999

Volt Services Group plans to open Longmont office

LONGMONT — Fort Collins-based Volt Services Group, a temporary employment agency, plans to expand into the Longmont area and could open an office as early as August or September.

“We already do quite a bit of work down there,´ said Lance Phillips, branch manager.

The company has both a technical division and a light industrial/clerical division

The technical division could generate as many as 40 to 50 jobs a month, Phillips said. Projections for the other division were unavailable.

Broomfield-based American Variseal Corp. will build a facility in Lafayette, close its Broomfield location and transfer about 100 employees in the process. The company is a manufacturing division of Santa Monica, Calif.-based Busak + Shamban, a world leader in seal and bearing technology for industrial or aerospace applications.

American Variseal expects to open the new operation by next summer. A need to expand was cited as part of the impetus for the move.

American Variseal manufactures rod seals, piston seals, shaft seals, static/dynamic face seals, low-friction, chemically inert Turcon, stainless steel spring, etc.

Boulder-based Ball Aerospace and Technologies Corp., a satellite maker, announced in June that it planned to lay off 100 to 125 workers, or about 5 to 6 percent of its local workforce, partly as a consequence of contract decisions.

Ball Aerospace is a subsidiary of Broomfield-based Ball Corp. (NYSE:BLL), which produces metal and plastic containers and provides aerospace and other technologies to governmental and commercial customers.

The company reported 1998 sales of $2.9 billion.

Boulder-based Exabyte Corp., a maker of computer tape drives, announced in June that it expected to cut about 80 jobs from July to December as a result of a decision to contract out repair services to Magnetic Data Technologies LLC.

Roy, Utah-based Iomega Corp. said in June it will cut 450 jobs — including positions at its Longmont plant, where about 80 people are employed.

Slumping sales of the company’s Zip and Jaz disks and drives were cited as the reason for the cuts, which make up about 10 percent of its workforce.

Boulder-based Global Commerce Systems Inc. expects to grow from 130 workers to 175, and the 5-year-old company is moving in mid-August to Calif.-based Legacy Partners’ Mountain View Corporate Center, 12303 Airport Way, adjacent to Interlocken business park.

It will take almost 80,000 square feet, occupying the top two floors in the first of what will be a three-building complex totaling 325,000 square feet.

Global Commerce provides software and services used in business-to-business e-commerce.

Utah’s No. 1 bank, First Security Corp., plans to buy the state’s No.2 bank, Zions Bancorporation, in a $5.9 billion stock deal.

The merger could result in the elimination of 1,500 to 2,000 jobs from a total workforce of 17,000, but a spokesman said the banks can avoid layoffs by imposing a hiring freeze.

Zions is the holding company of Vectra Bank Colorado, the fifth-largest banking company in Colorado with $2 billion in assets and more than 50 locations — including branches in Broomfield, Boulder and Longmont.

The deal is expected to create a powerhouse in Western U.S. banking — the largest bank between San Francisco and Minneapolis with as many as 640 branches in 10 Western states — and the 20th-largest bank holding company in the nation.

Subject to regulatory approval, the combined company, to be First Security Corp., will have about $40 billion in assets.

Level 3 Communications Inc. (Nasdaq:LVLT) has completed part of its new 800,000-square-foot, $70 million headquarters campus in Broomfield’s Interlocken business park. The company expected 600 employees to be moved there by the end of June and 800 by year end.

Eventually the new headquarters could house as many as 3,000 employees.

The company at the end of May closed its former Omaha, Neb., headquarters.

Level 3, which employs 1,200 people in Colorado and 2,000 worldwide, has openings in its Colorado operations — local employees have worked in Louisville and Westminster for the past year — posted online by department at www.level3.com. It is a communications and information services company that is building the first international network optimized for Internet Protocol technology.

In late June the company announced a $250 million strategic agreement with Murray Hill, N.J.-based Lucent Technologies (NYSE:LU) to purchase Lucent systems, including software switches. The agreement has the potential to grow to $1 billion over five years, according to a prepared statement.

Lucent is building a campus near 104th Avenue and Interstate 25 in Westminster.

LONGMONT — Fort Collins-based Volt Services Group, a temporary employment agency, plans to expand into the Longmont area and could open an office as early as August or September.

“We already do quite a bit of work down there,´ said Lance Phillips, branch manager.

The company has both a technical division and a light industrial/clerical division

The technical division could generate as many as 40 to 50 jobs a month, Phillips said. Projections for the other division were unavailable.

Broomfield-based American Variseal Corp. will…

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