GT Advanced dismiss 727 employees

Not long ago, Apple's manufacturing partner, sapphire glass, GT Advanced, said bankruptcy 

than shocked observers of the process industry. But both were waiting for the iPhone sapphire 6.No miracle did not happen, and here's a story on the problems of GT Advanced beginning to gain momentum. Thus, the company notified its intention to December to say goodbye to 727 employees. 

By law, the company had to report about the massive reduction in staff in the Municipal Council of the city of Mesa, pcs. Arizona, that it actually did. Vice-President of GT Advanced Human Resources, Linda luma, whose signature is an official notification, specify how many and which workers will lose their place in the company. Among them, 524 employee conveyor 108 people, technical work, 70 managers and 25 employees with administrative positions. Sami people learned about their fate just a few days, and layoffs will begin next Tuesday. 

The news came as another round in the sad history of cooperation with Apple GT Advanced. The message Bankruptcy producer of synthetic sapphire was all bolt from the blue. Even investors were not aware of the status quo within the company. Active selling securities GT Advanced stock market ultimately resulted in a decrease in the stock's share price. 

Details of the company's bankruptcy does not publish and the future plans is silent as to the secrecy insists Apple and in the event of a leak can be fined a former partner at $ 50 million. Though the court hearing the case of bankruptcy, working on the issue of publication of data related to a contract, and they really interesting to look at.