10 Nov 2010

Siemens to reward employees worldwide for performance during economic crisis

One-time special payment totalling €310 million planned

United Kingdom, 2010-Nov-10

Siemens AG intends to 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 colours. 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 President and CEO Peter Löscher. A total of €310 million (£267 million) will be paid out to the company’s worldwide workforce.

“Our UK employees strongly contributed to the success of Siemens globally”, said Andreas J. Goss, Chief Executive of Siemens in the UK. “Our people are our greatest asset and we are proud to have some of the best talents in the industry. The last year has been tough, there have been significant hurdles to overcome. This special payment to our employees is to recognise that we value their contribution and their loyalty to our company.”

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Notes to editors:

About Siemens in the UK

Siemens was established in the United Kingdom 167 years ago. Last year’s revenues were £4.2 billion. As a leading global engineering and technology services company, Siemens provides innovative solutions to help tackle the world’s major challenges, across the key sectors of energy, industry and healthcare. Siemens has offices and factories throughout the UK, with its headquarters in Frimley, Surrey. The company’s global headquarters is in Munich, Germany. For more information, visit www.siemens.co.uk

For more information, contact:

Anne Keogh

Siemens plc

Tel: +44 (0)1276 696312

Mob: +44 (0)7808 823545

Email: anne.keogh@siemens.com


About Siemens