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TAIPEI: The looting of an iPhone manufacturing plant in India caused damages of up to NT $ 200 million (US $ 7.12 million), although production facilities were not as affected as reported, said on Tuesday (15 June December) its Taiwan-based operator Wistron.
Thousands of contract workers gathered on the grounds of the Wistron site on the outskirts of India’s Bengaluru technology hub on Saturday to demand unpaid wages and better working hours.
When police arrived, the crowd turned violent and video from the scene showed people armed with rods and sticks smashing equipment and smashing cars. In a police report seen by Reuters, Wistron estimated the damages worth $ 60 million.
However, in a statement sent to the Taiwan Stock Exchange on Tuesday, the company said that major production facilities and warehouses had not suffered as severe damage as local media reported, and that it initially estimated losses of NT $ 100 million. at NT $ 200 million.
The company is doing everything it can to get the plant up and running again, he said. Wistron shares fell about 2.5% in early Asia trading, below the broader Taiwan stock market.
“The company has cooperated with the relevant authorities and the police investigation and continues to negotiate with the insurance company,” Wistron added, without giving further details.
Apple said Monday it was investigating whether Wistron had disobeyed vendor guidelines. Apple said it was dispatching staff and auditors to the site and was cooperating with police in their investigation. Wistron is one of Apple’s leading global suppliers.
It has been manufacturing iPhones in India for nearly four years and its operation has been seen as a success story for Prime Minister Narendra Modi’s government seeking to boost manufacturing.
