Campagnolo is reportedly preparing to cut 120 jobs from its Vicenza headquarters – a reduction of around 40 per cent of the Italian firm's 300 employees – as part of a restructuring plan intended to stabilise the company’s financial position.
According to a report from Il Gazzettino, the component maker has stated that “there is no alternative” to the planned reduction in staff numbers, warning that failing to act could have “dramatic consequences for the company and for the city of Vicenza”.
The report says that Campagnolo has recorded losses exceeding €24 million across the 2023, 2024 and 2025 financial years. The company attributes this to a challenging sector-wide downturn that has affected many manufacturers following the surge in demand during the pandemic era.
Despite additional funding received since November 2024, the report says the company has indicated its current liquidity cannot guarantee continued operation “under present conditions”.
Il Gazzettino reports that the restructuring plan outlined includes a 40 per cent reduction in labour costs. This would involve cutting around 120 positions in Vicenza, with the company suggesting that a smaller workforce would still allow manufacturing to continue at the site. Campagnolo also has a manufacturing facility in Romania.
Campagnolo has reportedly presented a financial plan to banks and potential partners in an effort to reverse the downturn and return the firm to a stable footing.
Local unions and regional authorities are expected to seek further clarity on the situation, given Campagnolo’s role as a major employer in the area.
The news follows a busy year for the Italian brand, which has returned to the WorldTour after a one-year hiatus with Cofidis, launched its flagship Super Record 13 wireless road and gravel groupsets – and hinted that the imminent arrival of a more affordable 13-speed wireless platform could soon broaden its appeal.
Campagnolo has been approached for comment.
