Siemens pumps millions into Massachusetts facility, creates 1K jobs

By Business Leaders FOXBusiness

Siemens CEO on investing $300M, 1K jobs in Massachusetts facility

Siemens Global CEO Joe Kaeser on meeting with lawmakers in Washington, D.C., the company's plans for a new facility in Massachusetts and the G20 summit.

Siemens is breaking ground in Massachusetts on Friday to build a diagnostics, manufacturing and engineering site that will create more than 1,000 new jobs.

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“We’ve got great people, good skills. We got universities obviously very close. So it’s… in the right place to invest several hundred million dollars in the next couple of years [and] up to 1,000 jobs—we are going to create more,” said Joe Kaeser, Siemens Global CEO, during an exclusive interview on the FOX Business Network.

Siemens, who has more than $24 billion in U.S. revenues and 60 manufacturing sites nationally, according to Kaeser, will meet with lawmakers and administration officials on Tuesday to discuss the next generation of manufacturing jobs.

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“We all talk about digitalization—this is going to change the manufacturing site fundamentally,” he said, adding that there is a “natural interest” to retrain employees so they will have the right skills and motivation to embrace ”the fourth generation of the industrial revolution.”

“[Customers] matter the most. We are not [only selling to governments]… so that’s why it’s important we get the right skill set,” he said.

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