Dyson has terminated its relationship with supplier ATA IMS Bhd following an audit of the Malaysian company's labour practices and allegations by a whistleblower, the firm famed for its high-tech vacuum cleaners told Reuters.
ATA, which is already being investigated by the United States over forced labour allegations, did not have an immediate comment. It has previously denied such allegations.
Shares in ATA, which makes parts for Dyson's vacuum cleaners and air purifiers, tumbled 30% to their lowest since April 2020 after the Reuters report. According to ATA, Dyson accounts for almost 80% of its revenue.
The termination is also
Disclaimer: No Business Standard Journalist was involved in creation of this content