In 2014, Valley communities faced a crushing blow when GTAT announced bankruptcy resulting in the loss of 700 jobs as well as the hopes of building sapphire for Apple products. However, after the sapphire fail, Apple has been trying to preserve jobs at the facilities, according to Dow Jones. Earlier today, Apple announced that they plan … Read more
GTAT announced Thursday afternoon their plan to cut hundreds of jobs due to their Chapter 11 bankruptcy filing on October 6. Reports indicate that a total of 727 jobs will be cut in order to help keep the struggling company afloat. According to SFGate, the job cuts include 524 production workers, 108 technical positions, 70 … Read more
The drama continues between GT Advanced Technologies and Apple as we’re all reminded that secrets really aren’t that fun. As we probe into GTAT’s court case, attempting to unveil the secrets within, reports reveal that Apple will slap you with a hefty fine of upwards to $50 million if you disclose confidential matters. To recap, GTAT … Read more
New information has emerged surrounding GT Advanced Technologies recent chapter 11 filing. GTAT is seeking approval from a judge to wind down its production of sapphire glass, which could result in a loss of hundreds of Arizona jobs. The bankruptcy filing started when information became public that Apple only paid four out of five advances, but … Read more
GT Advanced Technologies Inc., announced today that it had commenced voluntary cases under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Hampshire. GT expects the court will authorize the company to continue to conduct business as usual while it devotes renewed efforts to resolve its current … Read more