Feeds

Siemens creates hardship fund for BenQ workers

Cancelling pay rises

The essential guide to IT transformation

Siemens' board voted this weekend to forgo a planned 30 per cent pay rise in order to set up a €30m hardship fund for workers affected by the closure of the German handset business it offloaded to BenQ last year.

Siemens boss Klaus Kleinfeld said that after an extraordinary meeting on Sunday, the board wanted to "show solidarity" with the affected workers.

"We think the way BenQ has acted in Germany is unacceptable and want to help where we can," Kleinfeld told Bild. "If BenQ is going to leave employees in the lurch, then we want to help actively and quickly."

Taiwanese firm BenQ acquired Siemens' loss-making handset unit last year. In exchange, Siemens agreed to invest in BenQ by buying shares.

Under the terms of the deal, which saw Siemens effectively paying BenQ to take over operations, BenQ guaranteed jobs at the handset unit until the middle of this year.

In July it announced a 10 per cent reduction in the workforce, and then last week the firm filed for insolvency of the business unit, the first step towards closing the German handset business and shedding its 3,000 workers.

Shortly after the announcement, protesters gathered outside Siemens' HQ to express their dissatisfaction with the situation. Kleinfeld said last week the firm was considering taking legal action against BenQ. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Déjà vu: Virgin Media jacks up broadband prices
Screw copper phone lines, we're UNIQUE, bleats telco
UK fuzz want PINCODES on ALL mobile phones
Met Police calls for mandatory passwords on all new mobes
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Fifteen zero days found in hacker router comp romp
Four routers rooted in SOHOpelessly Broken challenge
New Sprint CEO says he will lower axe on staff – but prices come first
'Very disruptive' new rates to be revealed next week
US TV stations bowl sueball directly at FCC's spectrum mega-sale
Broadcasters upset about coverage and cost as they shift up and down the dials
UK mobile coverage is BETTER than EVER, networks tell Ofcom
Regulator swallows this line and parrots it back out at us. What are they playing at?
What's the nature of your emergency, Vodafone?
Oh, you've dialled the wrong number for ad fibs, rules ASA
EE network whacked by 'PDP authentication failure' blunder
Carrier is 'aware' of cockup, working on a fix NOW
ROAD TRIP! An FCC road trip – Leahy demands net neutrality debate across US
You crashed watchdog's site, now time to crash its ears
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?