Former Apple supplier, GT Advanced Technologies, is asking a bankruptcy court for permission to give "executive bonuses" of up to $2 million to help motivate and retain "key" employees, according to AppleInsider (www.appleinsider.com).
In October GT Advanced Tech, Apple’s partner in a sapphire production facility in Arizona, together with certain of its direct and indirect subsidiaries (collectively, GT), commenced voluntary cases under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Hampshire.
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