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EDITORIAL: Wistron riot should serve as warning
Government officials on Tuesday said that they would assist Wistron in its negotiations with New Delhi after the Taiwanese company’s plant in southern India’s Narasapura industrial area was damaged when workers rioted.
Minister of Economic Affairs Wang Mei-hua (王美花) said the nation’s representative office in India was seeking information from New Delhi and promised government support to Wistron if needed.
Chinese Nationalist Party (KMT) Legislator Wen Yu-hsia (溫玉霞) urged the government “to take a hardline stance helping Wistron negotiate with the Indian government,” CNA reported on Wednesday.
It is good that the government expresses support for Taiwanese businesspeople operating abroad, but it should maintain a neutral stance on the issue until an investigation has been completed.
Losses from riot in India plant lower than reported: Wistron
12/15/2020 03:31 PM
From facebook.com/MuniswamyOfficial
Taipei, Dec. 15 (CNA) Wistron Corp., a Taiwan-based contract electronics maker and part of the Apple supply chain, said Tuesday preliminary estimates of losses from a riot in its factory in southern India were lower than the news media had reported.
In a statement filed with the Taiwan Stock Exchange, where Wistron shares are traded, the manufacturer estimated the losses at its plant in Narasapura in Karnataka state at between NT$100 million and NT$200 million.
Several news outlets, including the Times of India, reported on Monday that the riot cost Wistron around 4.37 billion Indian rupees, or almost NT$1.7 billion (US$60.28 million).
Damage to India plant less than was reported: Wistron
By Angelica Oung / Staff reporter
Damage to its iPhone factory in the Indian state of Karnatakaia is much less than has been reported, Wistron Corp (緯創) said yesterday in a filing with the Taiwan Stock Exchange.
A “preliminary” assessment of the damage from Saturday’s riot was between NT$100 million and NT$200 million (US$3.51 million and US$7.03 million), not the NT$1.67 billion that the Times of India reported on Monday, the contract electronics manufacturer said.
“On the topic of the violent unrest at our Narasapura plant, we are doing our best to recover from and assess the damage. The main production equipment and warehouses have not been as seriously damaged as reported,” Wistron said.