BenQ to shut down

Taiwan’s BenQ Mobile will shut down after a battle to keep the struggling unit afloat failed to attract any investors, according to a spokesperson Wednesday. BenQ Mobile filed for insolvency in September 2006 when the Taiwanese manufacturer said it was pulling out after suffering “unsustainable losses.” The Taiwanese-German joint venture was established just over a […]

More bad news for BenQ staff

Taiwanese electronics manufacturer BenQ is planning to cut between 300 and 400 jobs, or half the workforce of its Shanghai mobile phone plant, according to Chinese press reports. The Shanghai factory is another asset the company acquired when it bought Siemens’ mobile handset unit last year. The latest round of job cuts are understood to […]

Siemens increases funding for BenQ workers

German vendor Siemens reportedly caved in to pressure from the unions on Monday, adding a further Eur24m (£16m) to the hardship fund set up for BenQ Mobile employees. But the cash, which comes on top of some Eur35m already contributed, has reportedly been dismissed by the IG Metall union as inadequate. The Taiwanese-German joint venture, […]

Siemens execs cough up to help BenQ staff

German vendor Siemens expressed its disappointment over BenQ’s decision to kill off handset manufacturer BenQ Mobile on Monday. The Taiwanese-German joint venture was established just over a year ago when the German firm effectively paid BenQ Eur50m to take the ailing division off its hands. But in a show of solidarity to its former employees, […]

BenQ fails to turn Siemens handsets around

Taiwanese electronics firm BenQ will bail out of its German mobile phone subsidiary, as it is unable to stem unsustainable losses at the unit. The firm said Thursday that it has resolved to discontinue capital injection into BenQ Mobile and is considering filing for insolvency protection over the next few days. BenQ acquired the beleaguered […]

German mobile workers fear for jobs

Germany’s mobile phone job market is facing a shake up with cuts confirmed at mobile operator E-Plus and expected at handset manufacturer BenQ Siemens. Dutch carrier KPN, which operates the E-Plus network in Germany, said Thursday that it is to restructure to better challenge rivals in the German market. E-Plus will eliminate a complete management […]