Siemens Will Distribute €200 million in Special COVID Payments to Employees
The Managing Board of Siemens has approved a special worldwide COVID payment to all employees except senior managers. This decision honors the workforce’s extraordinary performance during the pandemic, which Siemens has handled excellently so far thanks also to its employees.
The company is also making this payment to live up to its role as a responsible employer during these special times. For this reason, plans call for the bonus to be paid out quickly. Wherever possible, it is to be paid to all eligible employees before calendar 2020 ends.
“The months behind us presented a huge challenge for our company, too. And together, we’ve mastered it comparatively well. By making this one-time special payment, the Managing Board is underscoring its appreciation for our colleagues’ extraordinary performance and dedication under the most difficult conditions,” said Joe Kaeser, President and CEO of Siemens. “We wish to express our sincere gratitude to the employees who are now still tirelessly going the extra mile and are helping to keep Siemens on a successful trajectory.”
All Siemens employees worldwide except for senior managers are to receive the special corona-related bonus. The specific amount will be adjusted separately for each country based on the World Bank’s independent Purchasing Power Parity Index.