Siemens to close mobile division?

Siemens has committed itself to “close, fix or sell” Siemens Mobile. A sale or joint venture with an Asian manufacturer would address one of the biggest problems it faces: its bloated overheads, largely stemming from its dependence on well-paid German factory workers, according to Sunday Times. Siemens earlier failed to attract an offer from NEC and Fujitsu, Japan and from Ningbo Bird, China.