It's also filed for a debt restructuring program in Finland to ensure it can still keep operating during the funding gap.
Chief Financial Officer Karl-Gerhard Eick will take on the additional role of overseeing the company's 3.3 billion euro ($4.4 billion) restructuring program as the personnel chief Heinz Klinkhammer takes early retirement at the end of this month.
Problems with the restructuring program are already appearing.
The Dutch chemical group Akzo Nobel will expand a previously announced restructuring program.
In the second phase of a major restructuring program, Lucent said, it has cut annual expenses by $2 billion.
He said that cost-cutting savings from a restructuring program announced last year have produced $18 million in savings companywide.
"Our foundations are sound as our restructuring program starts to turn us around," said Kathleen Fitzgerald, a spokeswoman for Lucent.
R.B.S. is in the middle of a restructuring program that is to reduce its balance sheet by about 20percentt.
In 1988 the federal government launched an assertive restructuring program to produce fewer, larger institutions, with each institution offering a broader educational profile.
Among the company's four divisions, operating profit fell 31 percent to 1.3 billion euros, Siemens said, largely because of the cost of a restructuring program.
In Greece, the government is in the middle of a tough restructuring program that focuses on cutting public sector wages and pensions.
