Feeds

Siemens creates hardship fund for BenQ workers

Cancelling pay rises

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Skype pimps pro-level broadcast service
Playing Cat and Mouse with the media
Beat it, freetards! Dyn to shut down no-cost dynamic DNS next month
... but don't worry, charter members, you're still in 'for life'
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.