More than 80% of Siemens Canada Employees also Shareholders
July 24, 2018
More than 80 per cent of eligiblei Siemens Canada employees are now Siemens shareholders as the company recently distributed a total of €400 million from a profit sharing pool to eligible employees in 102 countries, primarily in the form of Siemens AG shares. In total, approximately 300,000 of the company’s 377,000 employees worldwide now hold Siemens shares and have a true vested interest in the company’s success.
“Siemens Canada strongly believes in having our employees participate in their company’s achievements and to see so many benefitting from almost $7 million in profit sharing allocated in Canada is proof of our commitment,” said Faisal Kazi, CEO, Siemens Canada. “This ownership culture at Siemens has always been an integral part of our organization and is one of our biggest strengths around the world and here at home.”
The Siemens Profit Sharing program was established in 2015 and enables all eligible employees below the management level to receive shares at no cost following particularly successful fiscal years and with no personal investment on the part of the employees.
In addition to Profit Sharing, Siemens’ global Share Matching Program forms the core of the company’s equity culture and is one of the world’s largest employee equity programs. This share plan has been implemented in annual tranches since 2008.
