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The last reprieve for the insolvent BenQ Mobile has passed. The insolvency procedure now looks unavoidable. Insolvency administrator Martin Prager announced early this week (Jan. 1) that no agreement with a possible investor for the mobile handset manufacturer has been achieved until Dec. 31. Therefore, the official procedure was opened on Jan.2, which means that the company's last manufacturing line in Kamp-Lintfort as well as the design center and the sales department in Munich will be shut down very soon. The procedure will hit the remaining work force of about 1000 persons. However, even after the launch of the legal procedures, it is theoretically possible that Prager agrees with one of the investors. According to sources close to the company, negotiations with at least one investor were under way during the last week. This investor is said to be an industry group active in the IT and semiconductor business. No names were communicated. BenQ Mobile, the former Siemens AG mobile phone branch, had filed insolvency after its mother company BenQ had terminated its financial support for the ailing handset manufacturer it has taken over a year ago. During the last three months, the insolvency administrator had searched for an investor who could take over the remainders of the company. BenQ Mobile already has laid off about 2000 employees during that period. |
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Originally Posted by Moto_VJ
Edit: One thing is certain for me: If the "Siemens" name does not appear on the phone and it wasn't made/developed in Germany, then I will start buying Nokias or Sony Ericsson.
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Originally Posted by CoolPhone
Nothing is made/developed in Germany!
"made/developed in Germany" means obsoleted, outdated, lazy, out of competition |
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