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January 14, 2008 |
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BENQ MOBILE: Around 1,700 Employees Find Alternative Work Siemens said that about 1,700 former employees of insolvent BenQ Mobile GmbH & Co. have found alternative employment, Financial Times Ltd. reports citing Suddeutsche Zeitung as its source. In a separate report by Suddeutsche Zeitung, the European Commission paid EUR12.8 million to the company's redundant staff. The fund from the EU globalization aimed to help the 3,300 BenQ employees affected to find new jobs. Suddeutsche Zeitung relates that in the company's manufacturing site in North Rhine-Westphalia, almost 1,000 out of 1,750 employees were reported to have found work, while. 650 of the 772 workers at its Munich site have found employment or became self-employed. BenQ Mobile GmbH & Co., BenQ Corp.'s German-based wholly owned subsidiary, filed for insolvency in Munich on Sept. 29, 2006, after BenQ Corp.'s board decided to discontinue capital injection into the mobile unit in order to stem unsustainable losses. The collapse follows a year after Siemens sold the company to Taiwanese technology group BenQ. BenQ Mobile has lost market share against giant competitors. Headquartered in Taiwan, Republic of China, BenQ Corp., Inc. -- http://www.benq.com/ -- is principally engaged in manufacturing, developing and selling of computer peripherals and telecommunication products. It is also a major provider of 3G handset, 3G handset, Camera phones, and other products. The company's global operations are in Brazil, Mexico, Canada, United States, Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Turkey, Thailand, Vietnam, Austria, Belgium, among others. |
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