BenQ closes its handset business in Germany

Reuben Lee | Oct 01, 2006

The Taiwanese manufacturer has, however, announced that it will continue to run its global BenQ-Siemens mobile phone operations. According to a press release issued by BenQ, the latest move will affect approximately 3,000 employees from BenQ Mobile headquarters in Munich and sites in North-Rhine-Westphalia.

The company cited huge losses as the main reason for terminating its cellular handset business in Germany. It was quoted by a BenQ spokesperson that the Taiwan firm had lost US$1.07 billion, mainly due to delays in R&D, since taking over the phone operations from Siemens in October last year.

Filed under: Mobile Phones
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