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 <ALSO.PA> currently being considered by
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
(Reporting by Maria Sheahan; editing by Jonathan Gould)
[© 2014 Thomson Reuters. All rights
Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.