iPhone Maker Slides After Riot Spurs Apple to Suspend Business
- Wistron’s shares slide as much as 4% in Taipei on Monday
- Apple has been coming down harder on its Asian suppliers
Wistron factory at Narsapura, about 60 km from Bangalore on Dec. 13.
Photographer: Manjunath Kiran/AFP/Getty Images
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Wistron Corp., Apple Inc.’s main iPhone assembler in India, slid as much as 4% after the U.S. tech giant placed it on probation for lapses in labor practices that triggered a riot.
Apple said its preliminary investigations found the Taiwanese supplier -- the first to produce the U.S. company’s marquee device from India -- failed to implement proper work-hour management processes for a rapidly growing staff. That delayed payment to some employees in October and November, and Apple said it’s now withholding new business until Wistron fixes the problems.