A total of 300 Thousand Siemens Employees Become Shareholder of the Company

INDUSTRY.co.id - Jakarta - Eighty percent of all Siemens AG employees worldwide are now shareholders of the company. In total there are about 300,000 of the 377,000 employees of companies around the world who own Siemens shares.

Meanwhile, the company's target is about 200,000 employees who become shareholders in 2020. Currently, the target has been exceeded by a clear margin. Whereas in January 2018, the number of employees who became shareholders in the company is still around 186,000.

Information received INDUSTRY.co.id, Monday (7/5/2018) mentions, a relatively sharp increase is due to the division of Siemens Profit Sharing, has been ongoing since 2015, allowing all eligible employees outside management to participate in the company's success.

Siemens Profit Sharing allows employees to earn free shares for success in the fiscal year. This participation does not require personal investment from the employee.

As much as € 400 million has been channeled to Profit Sharing Pool since 2015. For the first time, this amount has been distributed to eligible employees in 102 countries, in the form of free stock.

Siemens AG president and CEO Joe Kaeser said that Siemens wants all company employees to participate directly in Siemens' continued success and development.

"By allowing all existing employees in Siemens to participate in the success of the company, we have implemented a standard for sustainable management in this field. I am delighted and proud that more than 300,000 employees are now partnerships of ownership of the company.Pholder ownership is an integral part of Ownership Culture company, "said Joe Kaeser.

"Unfortunately, the culture that allows employees to own the company's stock from where they work is still weak in Germany, especially when compared to other European countries," added Kaeser.

This, he said, is due to the very low tax exemption issue. Through this program, lawmakers have a great opportunity to realize an attractive and sustainable retirement plan that will enable Germany to become a leader and a pioneer in Europe.

"Better workflow conditions and incentives should be implemented immediately so that employee shareholding participation can be realized to be a key pillar in the long-term realization of welfare and demographic planning in accordance with demographics," he said.

In addition to Profit Sharing, Siemens' global Share Matching program is the essence of the company's stock ownership culture and is one of the largest employee shareholding programs in the world. This share-sharing plan has been implemented in annual profit sharing since 2008.

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