Karnataka iPhone plant clashes: Wistron's loss may be Rs 52 crore, not Rs 437 crore
BENGALURU: It looks like the loss Wistron suffered in the Saturday violence in its factory in Narasapura near Bengaluru is about an eighth of what was originally reported. But even the lower figure is substantial.
The Taiwanese manufacturer, which makes Apple iPhones and other products, has informed the Taiwan Stock Exchange that the violence did not cause any material damage to major manufacturing equipment and warehouses, and that the preliminary estimates of damages is in the range of 100 to 200 million New Taiwan Dollar (the local currency). That's about Rs 52 crore.
It was reported on Monday, based on a complaint with the Kolar police station, that the quantum of damage was Rs 437 crore. It's not clear if the company had initially overestimated the damage, or whether the police made a mistake in its report or the communication of it.
Wistron India MD Sudipto Gupta said he has nothing to say other than the stock exchange statement.
Karnataka labour minister Shivram Hebbar told TOI that the Rs 437 crore figure was reported by the company. "It was the company that filed an FIR and it is only the company that can say why it filed a revised loss of $7 million or Rs 50 crore. But whatever may be the loss, the violence resorted to by the agitators cannot be tolerated or supported. It does not augur well for the state when it tries to attract fresh investment,” he said.
In its stock exchange filing, Wistron also said it is working with go nment authorities and police officials regarding the investigation of the incident, and is negotiating with Insurance companies.
譯文來源：三泰虎 http://www.254983.tw/p/51556.html 譯者：Jessica.Wu
It is not the question of financial loss. How can the emoloyees rampage their own office where they work and earn their livelihood. Never heard in the past!! There is definitely conspiracy in this which should be definitely unearthed and culprits brought to book. Financial loss to the company should be compensated by Karnataka Govt. for their inefficiency in protecting life and properties of foreign companies.
insurance Company will take care of the actual loss. FIR is filed against 7000 employees. Wistron unit says that it will start production soon. There is no investigation to find truth. Bangalore is getting bad name.
All this money must be recovered from the hooligans who damaged the property. Follow the Yogi model - jail them, penalize them, sell their property n belongings n everything they own until the damages r recovered.
Just fake exaggeration of truth.
All the workers who attacked the factory should be sacked, jailed and made to pay the damages
Tight slap on the face of capitalism. Thz what happens when u take workers for granted.
just imagine if this co closes shop and goes to another country then what will happen to these employees
Why would any company want to move its operations to India? India is not a de ratic country. It is a chaotic country.
first,, put the union leader behind bars for the rest of his life.
Although it was a very unfortunate incident, one must understand the reasons for such a violences. People from Karnataka state are very docile & peace loving people. First understand the reasons why the employees got so much agitated. WISTRON was paying the employees only half salary from the past 6 months due to pandemic lockdown etc.
I think the management was trying to fleece and hide their misdeeds under this. It is like when some robbers robbed a bank of Rs. 10 Crores, the band declared that they were robbed of 100 crores. The bank managers siphoned off 90 Crores and blamed it on the robbers - same way the management here also looks like trying to put the blame of 400 Crores on the people who vandalized items worth 50 crores.
This may even fall to 5 crore Rs if Govt investigate.
Labour unions and unreasonable demands are extremely harmful for industrial development.
Whatever the quantum of loss, it will adversely affect investment in India.
Violence is wrong however there should be strict laws for payment of salaries in time. If this is real cause than management of Wistron should also held accountable for this violence.
All culprits involved in voilence should be punished and therby showing clearly to the world that we do not accept such non sense.
Need to blame employer first, then employees. Employees must protest but not indulge in vandalism.
What about the loss for shutting down for so long? What about the loss to India when Wistron and so many other companies will halt their investment plans?
Kick out foreign companies who pay less salaries to indians....