Annual Report 2010 - Knorr-Bremse AG.

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126 RepoR t | KnoRR-BR e MSe GR o U p in this region climbed to 21.4% (2009: 18.4%). This increase also reflects the extremely positive growth of Knorr-Bremse’s business in Asia/Australia. Human resources development Knorr-Bremse stands for outstanding, globally recognized products, processes and services. The Group’s human resources policy plays an important supporting role by providing for systematic and targeted HR development and placing particular emphasis on international job assignments around the entire globe. In the year under review, the HR development instruments defined in the Human Resources Roadmap and the People Excellence Initiative (PEX) were harmonized worldwide and implemented in all Knorr-Bremse locations. A comprehensive talent management program develops qualified successors for key management positions and offers high potentials attractive career opportunities within the Group. The International Development Center and International Development Programs modules for junior managers were redesigned and reworked during the period under review. The Development Center, which is held several times each year, allows Knorr-Bremse to identify individual strengths and areas for improvement and to define targeted and systematic professional development measures for each participant. The Leadership Feedback initiative, which was successfully completed in November 2010, for the first time featured a uniform international questionnaire and made use of a supporting online program. Approximately 1,000 managers in over 50 locations were evaluated by around 13,000 employees. This confidential and anonymized process aims to promote and optimize cooperation within each team by allowing managers to receive feedback from their employees on their leadership skills. 2010 also saw the revision of the staff dialogue – the regular performance review process between supervisor and employee – and the introduction of a uniform global standard for performance review procedures and timing. Management Evolution Program (MEP) Successfully established twelve years ago, Knorr-Bremse’s Management Evolution Program (MEP) gives new hires the opportunity to participate in three important projects as trainees, gaining valuable insights into operations in different parts of the Group. The combination of direct project responsibility and special training courses helps to develop the trainees’ hard and soft skills in a professional context. In the year under review, strong growth in the Asia region led to the inclusion of two Chinese and one Indian participant in the program for the first time. Knorr-Bremse has given priority to the continued internationalization of the MEP. University marketing In 2010 Knorr-Bremse again participated in around 40 human resources and recruiting fairs, strengthening the awareness and position of the company among university professors and departments as well as university graduates. Cooperation agreements with well-known universities and colleges in Germany and other locations around the world allowed early links to be forged between Knorr-Bremse
RepoR t 127 and students with key qualifications. This helps the Group to meet its demand for highly qualified specialists, especially in the technical fields. International human resources policy Knorr-Bremse is a successful global corporate player with 87 locations around the world. The expertise, innovative capabilities and work ethic of the Group’s workforce are important factors in its success. To safeguard the high quality standard of its products around the globe, Knorr-Bremse actively encourages its employees to participate in job exchanges across all regions. The International Transfers Department, which is located at corporate headquarters in Munich, is responsible for coordinating all overseas assignments and supporting global networking within the Group. In addition to long-term international assignments, in the past year Knorr-Bremse sent more employees abroad for shorter periods of time to receive training in departments in different Group locations. The number of new international assignments rose again during the year under review after stagnating during the economic crisis. While China continues to be the primary destination for international transfers within Knorr-Bremse, there has also been a steady increase in the number of employees from other countries coming to work in Germany.
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Annual Report | 2010 Knorr-Bremse G
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Main Majority-owned Subsidiaries of
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1/Overview 04 06 08 10 12 2010 at a
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Knorr-Bremse Rail Vehicle Systems i
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EXECUTIVE BOARD 7 Dr. Dieter Wilhel
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SUPERVISORY BOARD 9 Heinz Hermann D
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SUPERVISORY BOARD 11 Statements and
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14 The State and Development of Kno
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16 Development of the Knorr-Bremse
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18 the Daxing site a new production
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20 Overall assessment of the econom
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22 Regional developments by divisio
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24 for example, procured another 18
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26 ket also throttled back domestic
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28 Research and development As a te
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30 Social responsibility and sustai
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32 Report on risks and opportunitie
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34 Outlook In 2011 the Knorr-Bremse
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2/ Report Against a background of g
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40 RepoR t | RAIL Ve HICLe SYSteMS
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50 RepoRt | RAIL VeHICLe SYSteMS As
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58 RepoRt | RAIL VeHICLe SYSteMS
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60 RepoRt | RAIL VeHICLe SYSteMS In
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62 HIGHLIGHt RepoRt | RAIL VeHICLe
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68 HIGHLIGHt RepoRt | SYSteMe RAIL
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74 HIGHLIGHt RepoRt | SYSteMe RAIL
Page 81 and 82: Commercial Vehicle Systems Followin
Page 83 and 84: RepoR t 79 Markets There was a dist
Page 85 and 86: RepoRt 81 Partner with an excellent
Page 87 and 88: RepoR t 83 Market Successes Against
Page 89 and 90: RepoR t 85 North America Bendix bec
Page 91 and 92: RepoRt 87 Consistent performance th
Page 93 and 94: RepoRt 89 Asia Successes in China K
Page 95 and 96: RepoR t 91 PACCAR quality award The
Page 97 and 98: RepoR t 93 Projects During 2010 Kno
Page 99 and 100: RepoR t 95 By the end of the year u
Page 101 and 102: RepoRt 97 Focus on value creation A
Page 103 and 104: RepoR t 99 Products Reliable, safe,
Page 105 and 106: RepoR t 101 Tire Pressure Monitorin
Page 107 and 108: RepoRt 103 20-inch disc brake for C
Page 109 and 110: RepoR t 105 Service Knorr-Bremse’
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Page 114 and 115: 110 RepoR t | KnoRR-BR e MSe GR o U
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Page 139 and 140: 3/ Notes to the Consolidated Financ
Page 141 and 142: NOTES TO THE CONSOLIDATED FINANCIAL
Page 159 and 160: CONSOLIDATED CASH FLOW STATEMENT 15
Page 161 and 162: SEGMENT REPORT 157 Fiscal Year 2010
Page 163 and 164: INDEPENDENT AUDITOR’S REPORT 159
Page 165 and 166: CONSOLIDATED STATEMENT OF INCOME 16
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