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Posted: 10/8/2014 4:31:51 AM EDT
[#1]
Quoted:
...But when I go in tomorrow I am going to go do what I am supposed to do and watch and see what happens... Yeah that's pretty much what we all do. |
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Posted: 10/8/2014 4:36:15 AM EDT
[#2]
Not to pry to deeply, but you work for a company that manufactures artificial sapphire? That's pretty cool, I won't buy a watch without a sapphire crystal and wish it was an option on phones.
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Posted: 10/8/2014 4:54:36 AM EDT
[#3]
Soooooooo is this company publicly traded? What's the name?
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Posted: 10/8/2014 5:00:59 AM EDT
[#4]
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Posted: 10/8/2014 5:08:36 AM EDT
[#5]
Basically lost all it's value very quickly when Apple announced they weren't actually using it in large quanities. Then when the company announced they were going to file for bankrupcy the stock basically almost became worthless and a few days prior had a capitalization of over a billion.
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Posted: 10/8/2014 5:14:09 AM EDT
[#6]
I'm sorry to hear that. I know a couple of people that work there too. I work at Intel and we had a few people jump ship over there. Your comment about mismanaged falls in line with what I have heard from everyone else. It almost seems as if top management wanted it to fail. I hope you can keep your job.
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Posted: 10/8/2014 6:02:09 AM EDT
[#7]
Apple likes to have options with suppliers. If the rumors are true, certain goals were not met with the Sapphire production and they went with plan b (Corning) for the iPhone 6. Apple is a supply chain machine and is unlikely screwed in this situation. I bet they own a lot of the production equipment you are working with. They will protect their interested in the bankruptcy, not your's. If your management is jerking them around, as I suspect, they are dead to Apple and that spells doom for the company.
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Posted: 10/8/2014 6:30:42 AM EDT
[#8]
Quote HistoryQuoted:
Not to pry to deeply, but you work for a company that manufactures artificial sapphire? That's pretty cool, I won't buy a watch without a sapphire crystal and wish it was an option on phones. Yeah its a pretty neat process and it was suppose to be on the Iphone 6 and the Iwatch. but that hasnt happened the way it was promised. |
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Posted: 10/8/2014 6:32:22 AM EDT
[#9]
Quote HistoryQuoted:
Soooooooo is this company publicly traded? What's the name? I am sure if you google apple and sapphire company you will find it. Test your google-fu!  . The risk of me discussing too much is pretty high. Once you find out the name you can see what happened.
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Posted: 10/8/2014 6:33:57 AM EDT
[#10]
Quote HistoryQuoted:
Basically lost all it's value very quickly when Apple announced they weren't actually using it in large quanities. Then when the company announced they were going to file for bankrupcy the stock basically almost became worthless and a few days prior had a capitalization of over a billion. Yep that is exactly what happened. And just so you know I had a few conversations with people in the know and they more or less told me that if you want to make money to stay away fromt heir stock as it is very volatile. |
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Posted: 10/8/2014 6:35:07 AM EDT
[#11]
Quote HistoryQuoted:
Apple likes to have options with suppliers. If the rumors are true, certain goals were not met with the Sapphire production and they went with plan b (Corning) for the iPhone 6. Apple is a supply chain machine and is unlikely screwed in this situation. I bet they own a lot of the production equipment you are working with. They will protect their interested in the bankruptcy, not your's. If your management is jerking them around, as I suspect, they are dead to Apple and that spells doom for the company. Yeah I had no illusions about apple being in a bind over this other than all the money that they invested in the place. |
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Posted: 10/8/2014 6:40:07 AM EDT
[#12]
Quote HistoryQuoted:
I'm sorry to hear that. I know a couple of people that work there too. I work at Intel and we had a few people jump ship over there. Your comment about mismanaged falls in line with what I have heard from everyone else. It almost seems as if top management wanted it to fail. I hope you can keep your job. Yeah they have done some pretty questionable things and when the suggestion to correct it has come up from various people was mentioned they were nodded at and then ignored. So far I still have a job. The temps that they had there? Well not so much. There were a lot of promises made and I happen to think that there is still something going on still as we discuss this. There is more ugliness to be found I am sure. But there was a lot of mismanagement of personnel and funds it would seem. And there is a high replacement rate of certain parts since they decided to "fix" things to run better. Which is interesting because they havent run the machines long enough to have data to support ANY changes to that machinery yet. In fact they never had control of their process to speak of. |
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Posted: 10/8/2014 6:52:08 AM EDT
[#13]
Oh yeah and the "company" in question was never a manufacturer of materials like this. They supplied all the equipment to produce crystals but never ran this type of business and it shows. But they were in over their heads from the word go when they decided to do this on their own and not get people into this what had experience in high volume high quality manufacturing. Their main way of doing things is to threaten to walk people out and work them under fear of termination for not doing things their way. Which may be normal, but when their way doesnt make any sense and changes every day, you never know that what you do from day to day is good or even something you could lose your job over or not. But yeah their favorite thing is to tell people that they are going to fire people for all different reasons and make it seem that they would rather get rid of people than actually train them. So from that standpoint their management practices suck. And when they have something to deal with they freak everyone out and make a huge change to things on ALL of the machines and never really know whether it will be successful or not because they dont have much data to back up their changes. And to top that off they allow changes to happen by anyone that happens to think that they have a better idea. It just doesnt make any sense.
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Posted: 10/8/2014 7:11:13 AM EDT
[#14]
So, why didn't Apple go with you guys? You couldn't make production or what?
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Posted: 10/8/2014 10:12:32 AM EDT
[#15]
Good for owners of GLW, right?
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Posted: 10/8/2014 10:16:21 AM EDT
[#16]
Quote HistoryQuote HistoryYeah, it's kind of a no-brainer. |
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Posted: 10/8/2014 10:30:01 AM EDT
[#17]
There was a big Yahoo News article on this last night - in case anyone wants to read it.
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Posted: 10/9/2014 2:07:35 AM EDT
[#18]
They had way too many people making adjustments to machines while they were running that had no real experience in growing this stuff. And they never had enough data to know how these things behave so they chased their tails. Also these weren't set up like the original ones they said worked and as a result they got different results with them.
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Posted: 10/9/2014 2:25:47 AM EDT
[#19]
Quote HistoryQuoted:
Basically lost all it's value very quickly when Apple announced they weren't actually using it in large quanities. Then when the company announced they were going to file for bankrupcy the stock basically almost became worthless and a few days prior had a capitalization of over a billion. Interestingly enough, apple did say they were going to use it in the iwatch, right? I suspect that's going to sell well, and probably will bring value to the company, just not next week as they're not going to release that for several months yet. |
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Posted: 10/13/2014 9:45:59 AM EDT
[#20]
Quote HistoryQuoted:
Interestingly enough, apple did say they were going to use it in the iwatch, right? I suspect that's going to sell well, and probably will bring value to the company, just not next week as they're not going to release that for several months yet. Quote HistoryQuoted:
Quoted:
Basically lost all it's value very quickly when Apple announced they weren't actually using it in large quanities. Then when the company announced they were going to file for bankrupcy the stock basically almost became worthless and a few days prior had a capitalization of over a billion. Interestingly enough, apple did say they were going to use it in the iwatch, right? I suspect that's going to sell well, and probably will bring value to the company, just not next week as they're not going to release that for several months yet. Thats what I keep hearing and I am hoping that someone will do something right about this but I dont know for sure. I know we have had a lot of unfamiliar people there in the last few days including some security types. |
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Posted: 10/14/2014 11:23:55 PM EDT
[#21]
So now I am reading that not only did the CEO sell off a ton of stock each time just before the GT stock took a drop but the COO did that as well. It seems that there are some pretty crooked things that are coming up now that there is a this whole chapter 11 thing happening. I also just read that Apple is planning on contesting the bankruptcy filing now as well. So it looks like it is going to be a really interesting ride. For the time being, I am still employed there. We will see if their payroll check clears though on Thursday.
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Posted: 10/14/2014 11:28:07 PM EDT
[#22]
...
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Posted: 10/14/2014 11:29:07 PM EDT
[#23]
I'd be looking for a new job pronto.
That place is full of fuck, and dildos. |
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Posted: 10/14/2014 11:29:45 PM EDT
[#24]
Here is a tip from a guy who worked at a start up that went bust after 3 years . take any vacation , sick and comp time they owe you NOW !!!!! also convert your check to paper from direct deposit . trust me on this Our last checks were deposited on Friday and removed Monday when they did not pay the payroll company . If I had a paper check I would have gotten cash
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Posted: 10/14/2014 11:40:38 PM EDT
[#25]
Quote HistoryQuoted:
Here is a tip from a guy who worked at a start up that went bust after 3 years . take any vacation , sick and comp time they owe you NOW !!!!! also convert your check to paper from direct deposit . trust me on this Our last checks were deposited on Friday and removed Monday when they did not pay the payroll company . If I had a paper check I would have gotten cash Until the check bounced. |
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Posted: 10/14/2014 11:46:56 PM EDT
[#26]
Quote HistoryQuoted:
Here is a tip from a guy who worked at a start up that went bust after 3 years . take any vacation , sick and comp time they owe you NOW !!!!! also convert your check to paper from direct deposit . trust me on this Our last checks were deposited on Friday and removed Monday when they did not pay the payroll company . If I had a paper check I would have gotten cash That's solid advice. Things are going to get real grim, real quick. |
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Posted: 10/14/2014 11:47:38 PM EDT
[#27]
Good luck man, and if she is sinking don't be the last rat off.
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Posted: 10/15/2014 12:29:54 AM EDT
[#28]
Quote HistoryYeah we have kind of lot of them that I work with now. |
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Posted: 10/15/2014 12:31:45 AM EDT
[#29]
Quote HistoryQuoted:
I'd be looking for a new job pronto. That place is full of fuck, and dildos. Yeah I am lining one up since it started. And the guy that I work for can eat a bag of dicks. Fucking spineless piece of shit. I hate working for someone that isnt really running things and shits his pants whenever management looks at him crosseyed. |
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Posted: 10/15/2014 12:32:25 AM EDT
[#30]
Quote HistoryQuoted:
Here is a tip from a guy who worked at a start up that went bust after 3 years . take any vacation , sick and comp time they owe you NOW !!!!! also convert your check to paper from direct deposit . trust me on this Our last checks were deposited on Friday and removed Monday when they did not pay the payroll company . If I had a paper check I would have gotten cash Good info. I will try to get that in the works. Thanks |
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Posted: 10/15/2014 12:33:21 AM EDT
[#31]
Quote HistoryQuoted:
Good luck man, and if she is sinking don't be the last rat off. Not the last but I am going to make sure I can keep my feet dry before I hop off that sinking ship
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Posted: 10/20/2014 10:14:07 PM EDT
[#32]
Not looking good. GT Advanced to Eliminate 727 jobs at Mesa, Arizona Plant: |
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Posted: 10/20/2014 11:43:47 PM EDT
[#33]
Quote HistoryQuoted:
Not looking good. GT Advanced to Eliminate 727 jobs at Mesa, Arizona Plant: http://www.macrumors.com/2014/10/16/gt-advanced-to-eliminate-727-jobs/ Yeah I heard that rumor as well. Well it isn't a rumor . They have been powering down idle machines all today and all this evening. Myself and several of the other guys have decided to take as much of our earned sick and vacation time here since when they let us go they dont have the clearance for funds to pay those earned hours out. They gave us all a copy of the "WARN" act that seems to state that they are giving us a 60 day notice of termination, that when they lay us off will pay us for the remaining 60 days and keep health insurance active until the end. So we will see what happens. But I was reading some threads on Yahoo finance under the company ticker and they have some interesting things to say. Funny thing is that some of the people are actually defending them as a company and telling an inaccurate story of how the customer ruined the company that simply isn't true. So anyway I should know more tomorrow when I get to work. I have a very funny feeling that I wont be there for very long since they are turning equipment off as we speak. Fortunately I have a exit plan for employment so hopefully it will work out as I hope. There is still talk of another company coming in under the customer and taking this over and we have had people from various other companies already have a look at the operation so we will see. Rumor has it that when the smoke clears they doors will open and they will have someone that actually knows what they are doing running the place and that they will recall the personnel. So we will see how that goes. It sounds to me like the company as a company is going to be finished when this is all over. It would seem that they lied to the wrong company. 
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Posted: 10/20/2014 11:46:55 PM EDT
[#34]
Quote HistoryQuoted: Until the check bounced. Quote HistoryQuoted: Quoted: Here is a tip from a guy who worked at a start up that went bust after 3 years . take any vacation , sick and comp time they owe you NOW !!!!! also convert your check to paper from direct deposit . trust me on this Our last checks were deposited on Friday and removed Monday when they did not pay the payroll company . If I had a paper check I would have gotten cash Until the check bounced. |
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Posted: 10/20/2014 11:56:17 PM EDT
[#35]
Quote HistoryQuoted:
Not if you cash it at their bank. Quote HistoryQuoted:
Quoted:
Quoted:
Here is a tip from a guy who worked at a start up that went bust after 3 years . take any vacation , sick and comp time they owe you NOW !!!!! also convert your check to paper from direct deposit . trust me on this Our last checks were deposited on Friday and removed Monday when they did not pay the payroll company . If I had a paper check I would have gotten cash Until the check bounced. Like we can all drive to AZ to cash a check...
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Posted: 10/20/2014 11:56:42 PM EDT
[#36]
You know the funny thing about this is that even with all of this stuff going on they are still installing machinery in some of the areas even though they arent going to be turned on or even tested and qualified.
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Posted: 10/20/2014 11:58:31 PM EDT
[#37]
I live here in AZ and I absolutely hate to go to the banks. Especially at this time of year with all of the winter visitors here. Banks and costco become nearly unbearable. I have a contest with my friends to find the winter visitor that buys the most alcohol in one single trip to costco.
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Posted: 10/21/2014 EDT
[#38]
Quote HistoryQuoted:
Soooooooo is this company publicly traded? What's the name? Plenty of clues left in the OP There are only a handful of outfits that do this. |
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Posted: 10/21/2014 12:02:54 AM EDT
[#39]
Quote HistoryQuoted:
Plenty of clues left in the OP There are only a handful of outfits that do this. Quote HistoryQuoted:
Quoted:
Soooooooo is this company publicly traded? What's the name? Plenty of clues left in the OP There are only a handful of outfits that do this. Thats exactly right! And the publicly traded part....not so much anymore...
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Posted: 10/21/2014 11:18:38 PM EDT
[#40]
So I go in today and it doesnt look like there is a whole lot going on. But I know today is supposed to be the day and what not. So about 20 minutes later they call the entire night shift into a meeting and they lay all of us off all at once. Yeah I know it sucks but they are also going to continue to pay us until mid December and health benefits will be carried until the beginning of the year. Plus I have a couple of jobs already lined up prior to this so I wasnt totally unprepared. But anyway one of the guys that is being investigated for insider trading in this whole thing was there in our meeting to see us off. He is lucky nobody had anything at him. Oh yeah and they had local PD there for us as well. And the guy that was supposed to be the boss and never really was walked by put his head down and darted out. Never came to say good bye, no screw you, no nothing. Just like he has always been, a spineless piece of shit. So me and the crew invaded the local sports bar and had a couple before we all parted ways and are going to take a little time and then hit the streets and look for new things I guess.
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Posted: 10/21/2014 11:44:08 PM EDT
[#41]
Quote HistoryQuoted:
they are also going to continue to pay us until mid December and health benefits will be carried until the beginning of the year. I hope they follow through on what they promised you - but I wouldn't count on it. At this point, they have absolutely nothing to lose by lying to you. |
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Posted: 10/22/2014 12:13:48 AM EDT
[#42]
No they dont. And to this point they have lied to everyone involved.
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Posted: 10/22/2014 12:22:52 AM EDT
[#43]
I know people who bought stock in your company...
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Posted: 10/22/2014 12:49:19 AM EDT
[#44]
Not my company.
I am so sorry that they did that. I never did because I saw how things were being run and I saw the junk that was being produced. And there was a LOT of junk that was made. |
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Posted: 10/22/2014 1:12:54 AM EDT
[#45]
I had read this story earlier today... sorry to hear.
Mesa woman's dream job at Apple factory lasts one day From the upbeat atmosphere to the lucrative salary, Mary Arave was certain she had found her dream job as a cost accountant at an Apple supplier's high-tech factory in Mesa.
The people at GT Advanced Technologies were so nice, as was the massive building where the company was to manufacture ultra-hard sapphire glass for Apple products like iPhones. The huge corridors were clean, and the cafeteria looked tasty. Employees seemed genuinely happy. For the 66-year-old working widow, the dream lasted just 8.5 hours. |
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Posted: 10/22/2014 11:34:52 AM EDT
[#46]
Quote HistoryQuoted:
I had read this story earlier today... sorry to hear. Mesa woman's dream job at Apple factory lasts one day Quote HistoryQuoted:
I had read this story earlier today... sorry to hear. Mesa woman's dream job at Apple factory lasts one day From the upbeat atmosphere to the lucrative salary, Mary Arave was certain she had found her dream job as a cost accountant at an Apple supplier's high-tech factory in Mesa.
The people at GT Advanced Technologies were so nice, as was the massive building where the company was to manufacture ultra-hard sapphire glass for Apple products like iPhones. The huge corridors were clean, and the cafeteria looked tasty. Employees seemed genuinely happy. For the 66-year-old working widow, the dream lasted just 8.5 hours. That is a sad story. But I wouldn't be surprised if Apple bought out GT for pennies on the dollar and use the facility to manufacture sapphire under new management, and keep a lot of the existing employees. |
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Posted: 10/22/2014 1:59:44 PM EDT
[#47]
Quote HistoryQuoted:
That is a sad story. But I wouldn't be surprised if Apple bought out GT for pennies on the dollar and use the facility to manufacture sapphire under new management, and keep a lot of the existing employees. Quote HistoryQuoted:
Quoted:
I had read this story earlier today... sorry to hear. Mesa woman's dream job at Apple factory lasts one day From the upbeat atmosphere to the lucrative salary, Mary Arave was certain she had found her dream job as a cost accountant at an Apple supplier's high-tech factory in Mesa.
The people at GT Advanced Technologies were so nice, as was the massive building where the company was to manufacture ultra-hard sapphire glass for Apple products like iPhones. The huge corridors were clean, and the cafeteria looked tasty. Employees seemed genuinely happy. For the 66-year-old working widow, the dream lasted just 8.5 hours. That is a sad story. But I wouldn't be surprised if Apple bought out GT for pennies on the dollar and use the facility to manufacture sapphire under new management, and keep a lot of the existing employees. That is what we thought might happen but we are finding out that all of the machinery is being sold off out of the factory to pay off the debt that they owe them. SO I dont think that will be happening unfortunately unless some fairly drastic things happen in the very near future. |
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Posted: 10/27/2014 8:48:32 AM EDT
[#48]
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Posted: 10/27/2014 11:31:43 PM EDT
[#49]
Yeah I caught that. There is also an article I read very recently that stated that after the settlement is complete that GT will never be in the sapphire business again and that they will only be allowed to sell furnaces to other manufacturers that make sapphire but they will be effectively out of the sapphire business.
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Posted: 10/28/2014 10:01:52 AM EDT
[#50]
Quote HistoryQuoted:
Yeah I caught that. There is also an article I read very recently that stated that after the settlement is complete that GT will never be in the sapphire business again and that they will only be allowed to sell furnaces to other manufacturers that make sapphire but they will be effectively out of the sapphire business. It sounds like they're trying to at least keep their foot in the door by maintaining their patents for growing sapphire.... http://www.bloomberg.com/news/2014-10-28/gt-advanced-technologies-asks-judge-to-approve-apple-pact-1-.html |
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