September 19, 2013 / 7:24 PM / 4 years ago

German Bilfinger says to axe 1,250 jobs worldwide

FRANKFURT (Reuters) - German construction and industrial services group Bilfinger SE (GBFG.DE) plans to cut 1,250 jobs worldwide, or just under 2 percent of its workforce, over the next two years as it seeks to cut sales and administration costs.

The logo of German industrial services provider Bilfinger is pictured on their headquarters in Mannheim January 21, 2013. REUTERS/Lisi Niesner

From 2015, the job cuts would save up to 90 million euros ($122 million) in personnel costs as well as a low to mid-double digit million euro amount in non-personnel costs, the company said in a statement on Thursday.

Bilfinger had just under 67,000 employees at the end of 2012.

($1 = 0.7384 euros)

Reporting by Jonathan Gould; Editing by Victoria Bryan

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