iPhone Maker Wistron Claims Losses Of Rs 437 Crore After Vandalism By Employees At Karnataka FacilitySmokes erupting out of Wistron facility. (Source: Express)

A day after employees at Karnataka based iPhone manufacturing facility of Taiwanese contract manufacturer Wistron went on a rampage and vandalised the massive factory, the company has come out and stated that it has bit hit with losses to the tune of Rs 437 crore because of the incident, reports Times of India.

The company stated in its complaint to Karnataka's Police authorities and Labour Department that the massive loss of Rs 437 crore was primarily due to the theft of thousands of iPhones, and the damage caused to the assembly line and factory equipment.

The Taiwanese company is one of the three contract manufacturers of Apple Inc's iPhones globally, the others being Pegatron and Foxconn.

Karnataka's Labour Minister Shivaram Hebbar has shared that the damages caused to the company are unacceptable. Delving deeper into the incident, Hebbar shared that the company has around 1,200 permanent employees at the Kolar facility near Bengaluru, while it also employs 8,900 people on a contractual basis through contractors.

Hebbar added, "What we hear is that the company had made payments to the labour contractors, who delayed the payments to the employees. This is being verified."

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