Siemens is participating in the development of two ecofriendly combined-cycle power plants – one in the German state of Brandenburg and the other in Hungary. The project has a total value of roughly €1.5 billion and will employ up to about 1,000 people in the Wustermark region of Brandenburg as well as in the Hungarian city of Szeged during the three-year construction period. Once in operation, each location will provide jobs for about 50 highly qualified personnel on a long-term basis.
Siemens AG and employee representatives have reached agreement on a reconciliation of interests regarding the workforce adjustments that have been announced for Siemens IT Solutions and Services (SIS). Under the agreement, a comprehensive package of voluntary measures will ensure that the reduction of 2,000 jobs in Germany is implemented in a socially responsible manner. The negotiated reconciliation of interests still requires approval by Siemens’ Central Works Council. This approval is expected next week.
Siemens is ending all reduced working-hour arrangements at its facilities in Germany. “The German government’s provision to extend funding for reduced working hour schemes helped us weather a difficult economic phase,” said Walter Huber, head of Human Resources for Germany. “The show of unity on the part of politicians, trade unions and the company enabled us to keep our employees’ expertise at the company. Now demand is on the rise again, and we’re ideally equipped in terms of personnel,” Huber continued.
We released our third quarter results for fiscal 2010 on July 29, 2010. The conference call was broadcast live on the internet.
"Siemens gained further momentum in the third quarter,” said Siemens CEO Peter Löscher. “Such order growth last occurred in 2008. Strong demand took our order backlog to a record level. At the same time, Sectors profit reached its highest point ever, and will clearly exceed the level of the prior year.”
Siemens increased both orders and revenue year-over-year in the third quarter of fiscal 2010 for the first time in more than a year. Orders of nearly €21 billion were up 22 percent compared to the prior-year quarter. Revenue rose slightly to just over €19 billion. The book-to-bill ratio – the ratio of orders to revenue – was therefore again above one. Orders and revenue both benefited from currency translation effects. Total Sectors profit climbed 40 percent year-over-year, to a record high of slightly over €2.3 billion. “Siemens gained further momentum in the third quarter,” said Siemens President and CEO Peter Löscher. “Such order growth last occurred in 2008. Strong demand took our order backlog to a record level. At the same time, Sectors profit reached its highest point ever, and will clearly exceed the level of the prior year.”
The Siemens Stiftung presented the children’s program slated for the Siemens Festival Night in Bayreuth on August 21, 2010. The presentation was made on the occasion of the opening of the Bayreuth Festival 2010. The program, supported by the Siemens Stiftung, is intended to encourage young people to join the multi-generational ranks of tomorrow’s audiences. The Siemens Stiftung and its President Peter Löscher view the foundation’s fostering of culture and the arts as part of its commitment to education and a focal point of its work. “That’s why we’re offering younger generations a venue for experiencing creativ-ity,” noted Michael Rossnagl, who heads the Stiftung’s activities in culture and the arts. A specially designed series of hands-on stations gives youngsters the opportunity to experi-ment with make-up and costumes, try their hand at scenery painting or play various musical instruments. This will help generate enthusiasm for the world of opera at a tender age and show that opera doesn’t mean just sitting still.
In connection with German Chancellor Angela Merkel’s visit to Russia, Siemens President and CEO Peter Löscher today signed memorandums of understanding in Yekaterinburg to supply wind power and railway technologies with a total value of several billion euros. “Green technologies from Siemens will help Russia reach its targets for energy efficiency and climate protection,” said Löscher. Under the agreements, Siemens is to modernize 22 railway switching yards by 2026 and supply Russian Railways (RZD) with 240 regional trains over the next ten years. Siemens is also to install wind turbines with a total capacity of up to 1,250 megawatts in Russia by 2015. In order to manufacture most of the products in Russia, three joint ventures with Russian partners are planned.