The world’s largest rubber glove maker has temporarily halted production at more than half of its factories while it screened and quarantined its workforce after more than 2,000 employees tested positive for COVID-19.
Top Glove has temporarily stopped production at 16 of its 28 facilities
Of 5,767 workers screened for coronavirus, 2,453 have tested positive
The company has been accused of labour abuses in recent years
Top Glove’s shares were down as much as 7.5 per cent by late Tuesday morning after the Malaysian Government said 28 factory buildings would be shut in phases.
The company, which commands a quarter of the global latex glove market, has racked up record profits this year on skyrocketing demand for its products and protective gear, thanks to the pandemic.
Malaysia itself makes just under two-thirds of the world’s rubber gloves, according to the Malaysian Rubber Glove Manufacturers Association.
Remaining factories to operate at reduced capacity
In a stock exchange filing on Monday, Top Glove said it had temporarily stopped production at 16 of the 28 facilities since last Wednesday, with the balance of 12 facilities operating at much-reduced capacities.
The company did not immediately respond to questions seeking details, including the impact on production.