Apple Supplier Wistron Says Looking To Re-Start Violence-Hit Kolar Factory
Apple Inc's contract manufacturer Wistron said on Tuesday it was looking to restart operations at its factory in southern India which was shut late last year after workers went on a rampage at the site. Wistron was working hard to raise standards and fix issues at the plant in Karnataka's Kolar district, the Taiwanese company said in a statement. "We are looking forward to restarting our operations and welcoming back team members and we thank them for their patience and support as we worked through corrective actions," Wistron said.
Wistron did not give a timeline for the re-opening of the plant but three government officials in India said the company could begin operations at the Narasapura factory as early as next week. The officials declined to be named as the matter is not public. Contract workers angry over unpaid wages destroyed property, gear and iPhones on Dec. 12, causing millions of dollars in losses to Wistron and forcing it to shut the plant.
Apple put Wistron on probation after its audit of the plant found violations of 'Supplier Code of Conduct'. On Tuesday, Wistron said it had paid all its workers and brought in new hiring and payroll systems. "We will be delivering enhanced training programs for all workers, and have put in a place a new system for workers to get information and raise any concerns they may have, anonymously," it added. Apple did not immediately respond to a request for comment.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.