We released our third quarter results for fiscal year 2020 on August 6, 2020. The Conference Call for journalists and the Analyst Call were broadcast live.
We released our second quarter results for fiscal year 2020 on May 8, 2020. The Press Conference Call and the Analyst Call were broadcast live.
Siemens is setting the course for establishing the next generation of management. To this end, the Supervisory Board of Siemens AG has made pivotal personnel decisions at an extraordinary meeting.
We released our first quarter results for fiscal year 2020 on February 5, 2020. The Press Conference and the Analyst Call were broadcast live.
Siemens held its Annual Shareholders' Meeting at the Olympiahalle in Munich on February 5, 2020.
We released our financial figures for the fourth quarter and fiscal year 2019 on November 7, 2019. The Press Conference and the Analyst Call were broadcast live.
Under the banner "Innovate. Digitalize now. SmartMining." Siemens is presenting the implementation of digital mining at this year's bauma, the world's leading trade fair for construction machinery. From April 8 to 14, the company will be demonstrating at Messe München in Hall C2, Booth 325, how mining companies can ensure and increase the availability and productivity of their mining equipment with the help of a unique range of services, comprehensive support and many years of technology and industry expertise. The digital solutions range from individual aspects to the entire mining operation.
We released our first quarter results for fiscal year 2019 on January 30, 2019. The Press Conference and the Analyst Call were broadcast live.
Siemens has honored 12 particularly resourceful researchers as Inventors of the Year 2018. Together, these scientists are responsible for some 590 inventions and 589 patents. Two of the inventors are from Germany, three are from Austria, one is each from Norway, France, Poland, Mexico, China, India and the United States. Every year since 1995, Siemens has been presenting this award to its outstanding researchers and developers whose inventions have made major contributions to the company's strong performance. Since 2016, this award has also been presented to researchers from outside the company. In fiscal 2018, Siemens filed around 3,850 patents worldwide – an increase of 200 patents over the previous year. Worldwide, Siemens holds about 65,000 patents. In fiscal 2018, Siemens employees submitted about 7,300 invention disclosures. On a basis of 220 workdays during the year, this figure corresponds to about 33 inventions per day.
Siemens and the company's Central Works Council have signed a reconciliation of interests based on the framework agreement reached in May. The goal is to increase the competitiveness of the Power and Gas Division (PG) and the Process Industries and Drives Division (PD). At PG alone, costs are to be reduced – as originally planned – by about €500 million worldwide, with €270 million of this amount to be saved in Germany. Around 2,900 jobs will be cut in Germany instead of the roughly 3,400 announced last November. This reduction in job cuts is due, above all, to the continuation of the location in Görlitz, Germany, and the retention of activities at the Dynamowerk, a Siemens production facility in Berlin. However, the measures are not restricted to capacity adjustments alone. Instead, they are primarily designed to achieve structural improvements and systematically sharpen the company's focus on the technologies of the future.
"The market for fossil power generation has contracted substantially. Against the backdrop of this structural change, the agreement we've reached is critical to improving our competitiveness. We now have to implement the measures quickly," said Lisa Davis, member of the Managing Board of Siemens AG.
"In the past few months, market forecasts have again worsened considerably. The job cuts agreed upon with the employee representatives are only one of the measures urgently necessary to improve our cost position. With the reconciliation of interests, we've also reached an agreement on structural changes and new opportunities for several locations," said Janina Kugel, Chief Human Resources Officer and member of the Managing Board of Siemens AG.