New Delhi, December 16
Violence at a Wistron Corp factory in southern India is likely to stall the company’s and its client Apple Inc’s drive to expand local manufacturing, while forcing the government to redouble efforts to encourage foreign investors.
The violence has led the company to shut the site and file a police complaint against over 5,000 contract workers for destruction of property.
Wistron has not disclosed details, but one source familiar with the situation, speaking on condition of anonymity, said the area where smartphones are assembled and lines where delicate compon
Loss estimated at $60 million
Thousands of contract workers destroyed equipment and vehicles at the plant on Saturday, causing an estimated $60 million in damages
ents, such as printed circuit boards, are mounted, have been damaged. — Reuters