Siemens rewards grace under fire

Nov. 10, 2010
Siemens AG announced that it will reward its employees for their outstanding performance during the financial and economic crisis with a one-time special payment. "The company came through the crisis with flying colors. Our 400,000 employees can be very ...

Siemens AG announced that it will reward its employees for their outstanding performance during the financial and economic crisis with a one-time special payment. "The company came through the crisis with flying colors. Our 400,000 employees can be very proud of their achievement. For their extraordinary performance in a difficult time, I owe them my deepest respect and gratitude," said Siemens AG President and CEO Peter Loscher.

A total of approximately $430 million will be paid out to the company's worldwide workforce. Siemens' U.S. employees will receive a share of almost US$100 million in December 2010, which will be distributed among its non-management employees throughout the country.

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