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Wistron estimates USD7.11 million loss from its riot-hit Kolar plant Tue, Dec 15 2020 08:01:08 PM Bengaluru, Dec 15 (IANS): Apples iPhone maker Wistron Corporation has estimated the damage from violence at its Narsapura plant near Bengaluru on the last weekend to be around $7.11 million (Rs 52.4 crore). "Unlike earlier reports stated, the violence did not cause any material damage to major manufacturing equipment and warehouses, with preliminary estimates of damages to be up to new Taiwan dollar (NTD) 100-200 million ($7.11 million)," said Wistron in a regulatory filing on the Taiwan Stock Exchange on Tuesday. Noting that the company was assessing the damage in the facility, the filing said its India subsidiary was co-working with the government authorities and police officials on the investigation into the incident on December 12 in the Narasapura industrial area at Kolar, 55km east of this tech hub in southern Karnataka.
Top cop Kamal Pant reacts to Bengaluru riots Apple's iPhone maker Wistron Corporation has estimated the damage from violence at its Narsapura plant near Bengaluru on the last weekend to be around $7.11 million (Rs 52.4 crore). "Unlike earlier reports stated, the violence did not cause any material damage to major manufacturing equipment and warehouses, with preliminary estimates of damages to be up to new Taiwan dollar (NTD) 100-200 million ($7.11 million)," said Wistron in a regulatory filing on the Taiwan Stock Exchange on Tuesday. Noting that the company was assessing the damage in the facility, the filing said its India subsidiary was co-working with the government authorities and police officials on the investigation into the incident on December 12 in the Narasapura industrial area at Kolar, 55km east of this tech hub in southern Karnataka.
Wistron estimates $7.11 million loss from its riot-hit India plant By IANS | Published on Tue, Dec 15 2020 19:42 IST | 8 Views
Bengaluru, Dec 15 : Apples iPhone maker Wistron Corporation has estimated the damage from violence at its Narsapura plant near Bengaluru on the last weekend to be around $7.11 million (Rs 52.4 crore). "Unlike earlier reports stated, the violence did not cause any material damage to major manufacturing equipment and warehouses, with preliminary estimates of damages to be up to new Taiwan dollar (NTD) 100-200 million ($7.11 million)," said Wistron in a regulatory filing on the Taiwan Stock Exchange on Tuesday. Noting that the company was assessing the damage in the facility, the filing said its India subsidiary was co-working with the government authorities and police officials on the investigation into the incident on December 12 in the Narasapura industrial area at Kolar, 55km east of this tech hub in southern Karnataka.
Apple probing violence at iPhone maker plant Wistron near Bengaluru daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Wistron factory violence: Apple needs to enforce supplier code of conduct in India, say analysts SECTIONS Share Synopsis On Saturday, a section of workers vandalised the Taiwanese iPhone supplier’s plant in Kolar, Karnataka, following an alleged dispute over wages paid by third-party contractors. Police have detained more than 100 people over this, which led to the destruction of assembly lines. Agencies Wistron may reportedly shift part of the production to other plants if its Kolar factory remains affected. NEW DELHI: The Wistron factory violence issue will force Apple to strictly enforce supplier code of conduct in India as it brings more suppliers to India as part of its China plus strategy, analysts said. They added that the violence at the Wistron factory has put a blemish on Apple, which is a marquee brand for the Indian government.
iPhone factory violence: Wistron estimates ₹437.70 crore in damage thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.