BenQ is to discontinue payments to BenQ Mobile in Germany

BenQ announced today in Taipei that there will be no further payments to BenQ Mobile GmbH & Co OHG.. Both revenue and margin development will fall far short of expectations in the important Christmas quarter. Due to the discontinuation of further financial support from the parent company, BenQ, and the resulting lack of liquidity and implicated disruption to business, BenQ Mobile in Germany will file for insolvency at the local court in Munich within the next few days.

The BenQ Mobile Headquarter in Munich, as well as the sites Kamp-Lintfort and Bocholt in North-Rhine-Westphalia, with a total of approx 3000 employees, are affected. (1.400 in Munich and 1.600 in NRW). BenQ Mobile Management, headquartered in Munich , Germany has taken immediate action in order to secure ongoing business operation. Possible consequences for the other BenQ Mobile sites and regional companies still need to be evaluated. BenQ plans to continue its global mobile business under the brand of BenQ-Siemens, and continue to utilise its associated research and development facilities, as well as production facilities, in Asia . 

About BenQ Mobile
BenQ Mobile is an industry leader in wireless communication devices with a high lifestyle appeal. Headquartered in Munich ( Germany ), the company is one of three business groups of BenQ Corporation   and a trademark licensee of Siemens AG. 

With almost 8,000 employees worldwide, its state-of-the-art R&D and manufacturing facilities in Beijing, Suzhou, Shanghai (China), Kamp-Lintfort, Munich (Germany), Wroclaw (Poland), Manaus (Brazil) and Taipei (Taiwan) and a strong sales, marketing and service network, BenQ Mobile benefits from its global footprint. BenQ-Siemens is a fusion of engineering competence with lifestyle and design. Exploring the boundaries of innovation in design and technologies BenQ Mobile is offering compelling devices that enable consumers to further explore mobility.