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Investing in America
Siemens has done business in the United States for more than 160 years. In just the past 15 years, Siemens has invested over $40 billion in the United States – which serves as a major center for its manufacturing and workforce. Each year, Siemens exports more than $5 billion worth of products from its largest market around the world. In 2015, more than 800,000 U.S. jobs were linked to Siemens’ global business operations. Siemens has more than 36,000 suppliers in the U.S. – approximately 20% of which are small and medium enterprises.
From Charlotte to Cincinnati, Boston to the Bay Area, the company’s footprint spans the U.S. from coast to coast. Siemens has more than 50,000 employees in all 50 states and Puerto Rico. With approximately 10,000 manufacturing employees and 60 manufacturing sites here in the U.S., Siemens is committed to reinvigorating America’s manufacturing engine. Its technologies keep cities growing, businesses prospering and people living longer healthier lives.
These are just some of the reasons Siemens prides itself on being U.S. local, supporting good-paying jobs and strengthening American competitiveness.
Siemens recently broke ground on a major expansion of a key Siemens Healthineers manufacturing and R&D facility for laboratory diagnostics in Walpole, Massachusetts that will create up to 700 new high-tech jobs over the next 10 years. Siemens' $300 million investment in Walpole exemplifies the company's broader strategy for creating local value in the U.S.—its largest market—by furthering the company's ability to transform customers' healthcare operations in order to improve the lives of the patients they serve. Siemens Healthineers is uniquely positioned to solve healthcare providers' system-wide and departmental challenges throughout the patient care journey with its medical technology that offers solutions for disease prevention through diagnosis and treatment. Siemens also expanded its low voltage circuit breaker and manufacturing plant in Grand Prairie, Texas – hiring 100 additional workers to support the expanded facility.
The Siemens compliance system comprises a comprehensive system of measures to ensure our business is always carried out in full accordance with the law as well as with our internal principles and rules. In the process, we also want to instill the notion of responsible conduct in everything that Siemens employees think and do.
Our Compliance System is divided into three levels of action: prevent, detect and respond. Preventative measures include, for example, compliance risk management, guidelines and procedures, and comprehensive training and advising of employees.