Europe’s largest industrial and electro-technical manufacturing company is also facing the changes being brought about by digital transformation, artificial intelligence, and energy transition. In order for its employees to adjust their know-how and expertise, Siemens has launched a €100 million ‘Future fund’ (Zukunfstfonds) to cover funding until 2022 for qualifications that will help manage major ‘structural transformations’. However in contrast with current training options, with this fund employees will be able to choose and develop their own training projects. The fund opened at the start of February 2019.
A new learning culture. During the spring of 2018, Siemens made two major announcements, namely an agreement on restructuring its Power and Gas division, which is coping with decentralized energy production and demand for smaller sized gas turbines, and secondly a pact for the future that was signed with the IG Metall union and the central WC and that includes the establishment of this specific training fund.
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