{
  "id": 7973534,
  "title": "Industrie: Bilfinger gibt Aufholjagd auf und streicht 1500 Stellen",
  "url": "https://urgent.news/2026/09/17/industrie-bilfinger-gibt-aufholjagd-auf-und-streicht-1500-stellen",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-17T07:13:15.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/unternehmen/industrie/industrie-bilfinger-gibt-aufholjagd-auf-und-streicht-1500-stellen/100255252.html"
  },
  "original_language": "de",
  "account": "Munich – Bilfinger, the Mannheim-based industrial service provider, has announced plans to cut 1,500 jobs globally, putting an end to their hopes of a second-half recovery. The company admitted that the Russia-Ukraine war has dragged on longer than anticipated, impacting their expectations. Bilfinger's CEO, Thomas Schulz, acknowledged the war's hold on their operations, despite hopes for a revival through infrastructure reconstruction in the Middle East. However, customers in the third quarter also pulled back on new orders and existing contract work, putting pressure on profits as employees remained idle. To counteract this, Bilfinger is implementing a cost-cutting program called \"Agile,\" aiming to adapt capacities to changing market conditions. This move is expected to increase the company's flexibility and responsiveness to future market shifts, such as the ongoing Middle East conflict. The layoffs will reduce annual profits by €75 million, which will be recorded as provisions in the fourth quarter. In total, Bilfinger will have 31,000 employees, with 75 million euros in additional profits expected for 2028. However, 2026 revenue projections have been reduced to €5.3 to €5.7 billion (from the previous €5.4 to €5.9 billion). The company now anticipates an Ebita margin of 3.2 to 3.6 percent, down from the previously targeted 5.8 percent. Despite the cost, Bilfinger's medium-term goals remain unchanged, with revenue growth of 8 to 10 percent per year by 2030 and an Ebita margin of 8 to 9 percent.",
  "summary": "Der Iran-Krieg belastet das Industrieunternehmen länger als erwartet. Darum will sich der Konzern mit einem Sparprogramm wappnen – und muss Arbeitsplätze abbauen.",
  "key_points": [
    "Bilfinger cuts 1,500 jobs globally to adjust to war's impact on infrastructure reconstruction.",
    "CEO Thomas Schulz acknowledges Russia-Ukraine war prolonging beyond expectations.",
    "Agile cost-cutting program aims to increase flexibility amid market shifts."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}