orchard apple tree better have a backup plan for the sapphire screen on its upcomingApple Watch . The office with its sapphire mate GT Technology does not face good . The companyfiled for bankruptcyearlier this week , and nowannounced plansto close two of its sapphire plants in Arizona and Massachusetts .
890 people will lose their jobs . This contradict GT ’s stated plans to continue business organization as common , and it does n’t count skillful for GT ’s partnership with Apple .
Since GT is hold back the exact detail of its situation under wraps , we do n’t know precisely what caused its current financial state and to what extent Apple was affect … but it ’s open GT apply Apple at least partly creditworthy for this pot .
“ GTAT believes that it has many claim against Apple arising out of its business relationship with Apple , ” the company saidin a filingasking for sanction to shut down the plant life . “ Before the Petition Date , on October 31 , 2013 , GTAT enter into several agreements with or for the welfare of Apple . The agreement shifted the GTAT Group ’s sapphire - colligate business model from being chiefly an equipment manufacturer / provider to also being a sapphire materials manufacturer . As discussed in contingent in the Supplemental First Day Declaration , the agreements inflict oppressive and burdensome terms and obligations on GTAT , ” the filing continues , laying the blame squarely on Apple .
I asked GT ’s lawyer Daniel Sklar to elaborate on what was “ oppressive and onerous . ”
“ That ’s the part under sealskin , ” he wrote me in an e-mail . Damn it .
I ’ve emailed Apple to call for whether this will change its program regarding the Apple Watch and will update if I try back . [ Wall Street Journal ]
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