The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41.1 - Development of building projects
1,250 jobs Number of planned job losses
Announcement Date
19 September 2013
Employment effect (start)
19 September 2013
Foreseen end date
19 September 2015
Description
Construction and industrial services provider Bilfinger recently revealed its intention to cut 1,250 jobs worldwide in an attempt to cut costs. The job cuts will be carried out across the company’s administration, which currently employs around 9,000 staff.
The restructuring measures will reduce the company’s workforce by almost 2% and will be carried out over the next two years. In a press release the company said that it will try to keep the number of direct dismissals low and will cooperate with employee representatives during the restructuring.
Details on where the job cuts will take place have yet to be published but, as announced, the restructuring is expected to affect mainly Germany.
The company, which has headquarters in Mannheim, Germany, currently employs around 70,000 employees worldwide.
Updated, 18-01-2014: Bilfinger announced that 800 positions will be eliminated in Germany (FS 26511) as part of the previously announced restructuring involving 1,250 job cuts worldwide. It has also been declared that around two thirds of the restructuring will be carried out in Germany. With 250 job cuts, the company’s plant in Munich will be most affected by the restructuring in Germany. As reported, Bilfinger continues to try to limit direct dismissals where possible and has put into place measures to support staff affected by the redundancies, including an internal job market.
Sources
18 January 2014: Die Welt
20 September 2013: Deutsche Welle
19 September 2013: Bilfinger Press Release
19 January 2014: AktienCheck
Citation
Eurofound (2013), Bilfinger, Internal restructuring in World, factsheet number 75909, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75909.
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