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 (822.85 million pounds), 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.

(Reporting by Maria Sheahan; Editing by Jonathan Gould)

Stocks treated in this article : ALSTOM, Siemens AG
Valeurs citées dans l'article : ALSTOM, Siemens AG, SIEMENS