Bilfinger CEO on Trimmed Outlook, Job Cuts

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Bilfinger, a German industrial services company, lowered its business outlook citing uncertainties due to the Iran conflict and announced potential job cuts of 1,500 positions. CEO Thomas Schulz discussed these developments in an exclusive interview.

German industrial services giant Bilfinger has had a tough week after delivering a surprise guidance cut. The firm is blaming uncertainty coming from the Iran conflict for the warning and is now saying that it may cut 1500 jobs. CEO Thomas Schulz spoke exclusively with Guy Johnson on "Bloomberg Brief." (Source: Bloomberg)