Wistron, a Taiwanese apple supplier who runs the plant, said late Sunday that an Indian factory hit by violence this month was a new facility with limited production and therefore would have limited financial impact.
Contract workers angry over unpaid wages destroyed property, gear and more IPhone On December 12, the units caused millions of dollars in damage to Wistron and forced the plant to close.
In a statement to the Taiwan Stock Exchange, Wistron said its consistent policy was not to comment on its business relationships with customers.
Wistron shares fell 3 percent in the opening market, while performance in the broader market was lower.
Wistron said the company is cooperating with a local government investigation into what happened and is “cooperating with customers on the improvement and revival of the work plan.”
“As the Narasapura factory is a new production line, its production is currently limited, and the initial assessment is that it will not have a big impact on the company’s economy and business.”
Wistron on Saturday admitted that some workers at its plant in Narasapuram, Karnataka, were not being paid properly or in a timely manner and said it was removing its supervisor overseeing its Indian business.
Apple said it will continue to monitor Wistron’s progress on corrective action.
© Thomson Reuters 2020
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