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 - Construction of buildings
800 jobs Number of planned job losses
Announcement Date
18 January 2014
Employment effect (start)
Foreseen end date
31 December 2015
Description
Construction group Bilfinger is to cut 800 administrative jobs in Germany until the end of 2015. This includes the closure of the headquarters of the former industrial services holding in Munich (250 jobs lost).
This is part of a global restructuring in which 1,250 jobs are to but cut in the same timeframe. The restructuring is part of a large scale plan to reduce the company’s construction activities and expand its global operations in the industrial services sector.
A social plan envisages the relocation of dismissed workers via an internal labour market pool. Management does not exclude that workers in the headquarters of other previous Bilfinger holdings in Oberhausen, Neu-Isenburg, Frankfurt and Wiesbaden might be affected by direct dismissals.
Bilfinger operated as Bilfinger Berger until 2012.
Sources
18 January 2014: Handelsblatt
Citation
Eurofound (2014), Bilfinger, Internal restructuring in Germany, factsheet number 76505, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76505.
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