Reuters exclusively reveals Dyson cutting ties with Malaysian supplier ATA over labor rights; market reacts - Reuters News Agency
Business & FinanceDeals

Reuters exclusively reveals Dyson cutting ties with Malaysian supplier ATA over labor rights; market reacts

Reuters exclusively reported that high-tech home appliance maker Dyson has terminated its relationship with supplier ATA IMS Bhd amid allegations of labor rights issues. Shares in ATA, which makes parts for Dyson’s vacuum cleaners and air purifiers, tumbled 30% after the Reuters report was published. According to ATA, Dyson accounts for almost 80% of its revenue. The termination is also a significant blow for Malaysia, a major electronics manufacturing hub that has faced scrutiny this year over claims that migrant workers are being subjected to abusive working and living conditions.

Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & FinanceEquitiesRetail & Consumer Goods
Regions: Asia
Countries: Malaysia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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