Business News

Wednesday, 27 August 2014 | MYT 1:56 PM

JCY assessing impact of worker unrest, fire at Johor plant

KUALA LUMPUR: Hard disk drive manufacturer JCY International Bhd is assessing the impact of the worker unrest and fire at one of its factories in Kulaijaya, Johor.

It said on Wednesday the incident at its unit JCY HDD Technology Sdn Bhd the previous day had caused a temporary shutdown of the factory's operation at that location.

"However, there were no major damages to the factories and properties of the company and its subsidiaries," it said in a statement to Bursa Malaysia. 

JCY said the damages to the factories and properties did not pose any material impact on the financial performance and financial position of the group for the financial year ending Sept 30, 2014.

"There are no disruptions to all other operations of the group located outside Kulaijaya District," it added.

JCY said the company was "taking active steps and measures" to address the matter and to reach an amicable settlement with the workers.

Tags / Keywords: Corporate News , Hard disk drive manufacturer

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