Siemens AG, which has already announced about 10,000 job cuts this year, said it's early to say how many more employees will have to leave as it's still figuring out reorganization measures at its networks unit.
"There is nothing new to say so far," Siemens spokesman Stefan Denig said in an interview. "We have made it clear there will be more restructuring but there are no details yet."
Siemens, Europe's No 2 mobile-phone maker, plans to shed about 5,000 jobs at its network business and an unknown number at Siemens Business Services, its IT services unit, the Financial Times Deutschland said, citing unidentified company sources.
Chief Executive Heinrich von Pierer last week said "further corrective measures" are necessary after Siemens reported a US$432 million loss in its fiscal third quarter and fired Roland Koch, the head of its network unit.
Von Pierer named Thomas Ganswindt new executive to run the networks unit. He was previously part of the executive management group of Siemens' transportation systems division.
"We must give the new head a little bit of time" to figure out the reorganization, Denig said.
The Munich-based company's mobile-phone and network-building divisions lost a combined 1.1 billion euros in the quarter. To reach the profit targets for fiscal 2003, von Pierer said Siemens will cut costs by 800 million euros more than planned at its networks unit and by another 400 million euros at the division making cellular phones.
The number of additional cuts is preliminary, and they are expected to be mainly outside Germany, the FTD reported.
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