Siemens rewards grace under fire

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 ...
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 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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Doug Chandler, Senior Staff Writer

Executive Editor

Doug Chandler began writing about the electrical industry in 1992, and still finds there's never a shortage of stories to be told. So he spends his days finding them and telling them. Educationally, he's a Jayhawk with an English degree. Outside of work, he can often be found banging drums or harvesting tomatoes.