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 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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