FRANKFURT, April 28 A new strategy to be
unveiled by Siemens on May 7 will include thousands
of job cuts, Germany's Manager Magazin Online reported on
Monday, citing several senior Siemens managers.
It said the strategy would see Siemens' four main divisions
- Industry, Energy, Healthcare and Infrastructure & Cities -
dismantled, creating a flatter hierarchy and resulting in job
cuts of roughly between 5,000-10,000.
It also said Siemens would announce an acquisition in the
energy sector worth at least 1 billion euros ($1.38 billion),
separate to the deal with Alstom currently being
considered by Siemens.
The sale of its postal automation and baggage handling
business will also be announced in May, Manager Magazin said.
Siemens declined to comment on the report.
($1 = 0.7227 Euros)
(Reporting by Maria Sheahan; Editing by Jonathan Gould)