Siemens gives every worker a Covid bonus of up to €1,000

Published: 06 November, 2020

Siemens is giving all of its employees around the world, except for its senior managers, a special Covid-19 bonus of up to €1,000 to honour their “extraordinary performance during the pandemic”. The company says it is also making the payments – which will cost it about €200m – to live up to its role as a responsible employer “during these special times”.

Wherever possible, the bonus will be paid to eligible employees before the end of 2020. The amount paid will be adjusted for each country, based on the World Bank’s independent Purchasing Power Parity Index.

“The months behind us presented a huge challenge for our company, and together, we’ve mastered it comparatively well,” says Siemens’ president and CEO, Joe Kaeser. “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.

Kaeser: appreciating employees' performance and dedication

“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,” he adds.