WISTRON iPhone Plant Violence: What has Apple supplier said on DAMAGE COST vs estimated? See Company's clarification to Stock Exchange!
The violence at an iPhone manufacturing facility in India caused up to T$200 million (USD 7.12 million) in damage though production facilities were not as badly hit as reported, Reuters reported quoting Apple Inc's Taiwan-based operator Wistron Corp on Tuesday.
In a statement to the Taiwan Stock Exchange on Tuesday, the company said major production facilities and warehouses had not suffered as serious damage as reported by local media, and that it was initially estimating losses at T$100-200 million. Source PTI
Apple Inc’s stands on the issue
Apple Inc said on Monday it was investigating whether Wistron had flouted supplier guidelines. Apple said it was sending staff and auditors to the site and was cooperating with police in their investigation. Wistron is one of Apple`s top global suppliers. Source: Reuters