To our Mesa and Salem facilities
Kristin Huguet, a spokeswoman for Cupertino, California-based Apple, today referred questions to its previous statement on GT Advanced’s bankruptcy filing:
“We are focused on preserving jobs in Arizona following GT’s surprising decision, and we will continue to work with state and local officials as we consider our next steps.”
GT Advanced dropped 37 percent to about 81 cents at 4:36 p.m. today in New York trading. The shares traded above $11 before the Oct. 6 bankruptcy filing.
“While we continue to explore all options with regards to our Mesa and Salem facilities, we recognize and regret the impact that the actions outlined in our bankruptcy court filings of this morning may have on valued GT employees,” Jeff Nestel-Patt, a GT Advanced spokesman, said in an e-mailed statement.
GT Advanced is also seeking permission to compensate 13 employees with incentive bonuses totaling as much as $64,700 for their help closing down the Mesa and Salem plants.