Siemens under pressure from BenQ fallout

Siemens might find itself still on the hook for its struggling handset division that it sold to BenQ, which revealed it can't afford to pump anymore money into the business either. Germany's politicians, labor unions and the media are pressuring Siemens to step in and help BenQ since 3,000 German jobs are at stake. The most ridiculous part: Leaders of the IG Metall union have suggested that Siemens knew the mobile handset business was doomed for failure when BenQ acquired it so that it could avoid responsibility for the massive layoffs in Germany. Doesn't the blame lie with BenQ, which should have done some proper due diligence before buying the company?

For more about the pressure on Siemens over BenQ:
- check out this article from AP

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