Siemens: Further job cuts still in planning phase

A proposal to cut another 3,000 jobs at Siemens AG's Information and Communication Networks (ICN) division is still in the early discussion phase, the company said Friday.

"This number comes from an internal planning document; it describes one possible scenario, which has not yet been discussed either with representatives of the employees' council or with management," a spokesman said.

The figure was made public in a report in the Financial Times Deutschland newspaper, which said Siemens is considering cutting a total of 8,500 jobs at ICN by the middle of next year.

ICN, which makes networking equipment for consumers and enterprise, carrier and public sector customers, has set a goal to cut at least 2 billion euros from its budget, the spokesman added. "The details will be discussed in the next few weeks."

He confirmed that ICN has so far eliminated 7,500 jobs, including 2,000 employees transferred to Siemens' Information and Communication Mobile (ICM) division, which manufactures mobile phones and mobile communication networks.

Any job cuts "will of course be carried out as socially responsibly as possible," he said.

The ICN division has faced scrutiny since Siemens released third-quarter results showing particularly poor performance in the unit. Last week, Siemens found itself denying press reports that a further 5,000 job cuts were planned at ICN.

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