Siemens to pay employees around the world a bonus of up to 1.000 euros

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Siemens AG employees will receive a bonus up to 1.000 euros, related to the coronavirus pandemic, the company announced on Monday.

All Siemens employees, except senior management, are eligible. The bonus could be received by approximately 235.000 employees.

Bonuses payment will start this year. Up to 1.000 euros will be paid, but the exact level will be adjusted according to the purchasing power of different countries.

In the third quarter of 2020, Siemens operating profit fell 20% to 626 million euros, while analysts expected a drop pf 644 million euros.

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