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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Hong Kong's Q4 GDP down 4.2% y/y, 4th quarter of contraction
Wellous appoints Lee Koon Tan as group president
Oil rises as slowing U.S. inflation eases recession concerns
Gold flat as traders focus on Fed decision
SK Hynix warns chip downturn to worsen in Q1, posts record quarterly loss
Asian currencies muted, stocks rise ahead of Fed meeting
Asia's factory activity contracts despite China's COVID reopening
Adani Group stocks rout deepens to US$72bil despite share sale completion
Stocks firm, dollar on edge ahead of Fed decision
Malaysia's manufacturing PMI slows again in January 2023

Others Also Read