Shares of Malaysia's ATA slump 30% after Dyson terminates relationship

TheEdge Thu, Nov 25, 2021 11:22am - 5 days View Original


KUALA LUMPUR (Nov 25): Shares of Malaysia's ATA IMS Bhd tumbled 30% on Thursday after Reuters reported that Dyson has terminated its relationship with the electronics manufacturing firm over labour practices.

The British firm, famed for its high-tech vacuum cleaners, said its decision to terminate the relationship followed an audit of the Malaysian company's labour practices and allegations by a whistleblower. ATA makes parts for Dyson's vacuum cleaners and air purifiers.

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