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To: Eric L who wrote (4351)11/6/2006 11:02:49 PM
From: elmatador  Read Replies (1) | Respond to of 9255
 
They should have dumped the dog long time ago. Why didn’t they? Because they were protecting jobs! Now they have to give it away and pay for the buyer give the workers the boot. Germany is going down. Going down because their labor laws are killing their businesses.

Why they turn down the 8 billion offer? That’s an easy one! Because they wanted to protect the jobs of the Siemens managers!!!

It is all about managers managing for their own sake. Luckily, Elmat dumped his shares last January. Money is now piled up in real estate in Curitiba. Looks better. Much better!!!

Next Eric will hear about? The SBS unit!!!!



To: Eric L who wrote (4351)11/6/2006 11:02:51 PM
From: elmatador  Respond to of 9255
 
And that's why the Chinese are goring on the imported factories and technologies!



To: Eric L who wrote (4351)11/7/2006 11:00:27 AM
From: elmatador  Respond to of 9255
 
Benq fallout could hit Nokia too

Its networking venture with Siemens, that is

By Tony Dennis: Monday 06 November 2006, 09:54

THE FALLOUT from the continuing implosion of the Benq/Siemens handset division could affect Nokia. A German trade union may disrupt Nokia Siemens Networks.
The IG Metall union is far from happy about recent events in the former Siemens handset division which became Benq Mobile. According to recent reports around two thirds of the division's German workers have already lost their jobs.

The German company was forced to file for bankruptcy protection back in September [2006] after its Taiwanese owners decided to stop providing funding.

This action has affected Benq's operations in the UK which is reportedly down to 14 people out of the original 30 employees. The UK depends on Germany for its handset stocks.

According to a report in the FT, IG Metall is threatening to disrupt further disposals from Siemens former Enterprise Networks division and that uncertainty could spread to the 50:50 networks joint venture with Nokia