Campagnolo's Major Job Cuts: 40% of Workforce Slashed in Italy Amid Financial Crisis

Campagnolo's Restructuring Plan

Campagnolo, the renowned Italian bicycle component manufacturer, is reportedly preparing to cut 120 jobs from its Vicenza headquarters. This represents a reduction of approximately 40% of its 300 employees as part of a restructuring effort aimed at stabilizing the company's financial health.

Reasons Behind the Job Cuts

According to reports from Il Gazzettino, the company has stated that "there is no alternative" to these cuts, warning that failure to act could have "dramatic consequences for the company and for the city of Vicenza". Campagnolo has recorded losses exceeding €24 million across the 2023, 2024, and 2025 financial years. The company attributes this downturn to a sector-wide post-pandemic turndown that has impacted many manufacturers after the surge in demand during the pandemic.

Financial Challenges and Restructuring Details

Despite receiving additional funding since November 2024, Campagnolo's current liquidity is insufficient to guarantee continued operations under present conditions. The restructuring plan includes a 40% reduction in labor costs, with around 120 positions being eliminated in Vicenza. However, the company suggests that a smaller workforce will still allow manufacturing to continue at the site, alongside its facility in Romania.

Campagnolo has presented a financial plan to banks and potential partners in an effort to reverse the downturn and return to stability. Local unions and regional authorities are expected to seek further clarity, given Campagnolo's role as a major employer in the area.

Recent Developments and Product Launches

This news comes after a busy year for Campagnolo, which has seen a return to the WorldTour with Cofidis after a one-year hiatus, the launch of its flagship Super Record 13 wireless road and gravel groupsets, and hints of a more affordable 13-speed wireless platform on the horizon.

Campagnolo has been approached for comment on the situation.