Wistron Corp, a Taiwan-based contract electronics maker and part of the Apple supply chain, said yesterday that preliminary estimates of losses from a riot in its factory on 12 December 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$100m ($3.6m) and NT$200m, reported the Central News Agency.
Several news outlets in India reported on Monday that the riot cost Wistron around INR4.37bn (US$59m).
On 12 December, a protest by about 2,000 workers at the factory turned violent after the night shift, with furniture and factory assembly units destroyed. The protest was over the issue of wages.
Wistron said it is working with authorities and police in India to investigate the incident, and it is also discussing claims for the losses with insurance companies.