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Bilfinger Integrates Subgroups – Cost Cuts in the Personnel Area Affect 1,250

| Editor: Dominik Stephan

Bilfinger cuts costs: By integrating its subgroup into Bilfinger SE, the company plans to save up to €90 million - but also to reduce its number of employees by 1250.
Bilfinger cuts costs: By integrating its subgroup into Bilfinger SE, the company plans to save up to €90 million - but also to reduce its number of employees by 1250. (Picture: PROCESS)

From nine to one: Bilfinger plans to bundle its subgroups within Bilfinger SE by January 2014. Synergetic effects shall help to save costs of € 80 to 90 million - but also to reduce the number of employees by 1,250 worldwide...

Mannheim/Germany – "Our strength lies in the diversity of our service range and in efficient cooperation among our operational units. We will ensure that our combined expertise is geared toward the creation of greater value added for our clients", says Roland Koch, Chief Executive Officer of Bilfinger SE. "This is where Bilfinger's greatest opportunities for the future lie."

By January 1st 2014, Bilfinger will abandon its former structure in order to more rapidly achieve synergy effects: The non-operational Subgroup holdings will be merged into Bilfinger SE and operational management will in future be conducted by 14 divisions within the SE. The divisions report directly to the Executive Board.

The business segment structure remains unchanged. From financial year 2014, an output volume of about €400 million will be shifted from the Industrial business segment to the Power business segment.

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