Following reports that it plans to cut 120 staff from its Vicenza HQ, Campagnolo has issued a clarification of its restructuring plans, stating that it has presented its newly approved industrial plan to unions “with great transparency”, and that formal discussions with workers’ representatives are ongoing.
In the statement sent to the press, the company said the 21 November industrial plan presented to unions is “a highly structured plan, the result of months of work… with possible positive developments.”
However, the statement concedes that, while Campagnolo believes the plan will secure the company’s future in Vicenza, a "reduction [in staff] is expected at this stage."
Responding to unspecified reports that Campagnolo was planning “relocations”, the statement says that “those responsible for managing the Industrial Plan made no reference to relocations of any kind.”
It continues: “On the contrary, it was emphasised that a review of the supply chain is underway, with an increasing focus on short and fast supply chains, ideally within Italy. Made in Italy remains both a priority and a responsibility for the company.”
The statement follows earlier reporting from Il Gazzettino, which stated that Campagnolo warned there was “no alternative” to proposed job cuts unless the company accepted “dramatic consequences for the company and for the city of Vicenza”.
That report also cited more than €24 million in losses since 2023 and said the company’s shareholder had underwritten €10 million in financing between November 2024 and December 2025.
Unions oppose the proposed redundancies. FIOM Vicenza – the Vicenza branch of the Italian Federation of Metalworkers – said last week that the company “must withdraw this proposal” and argued that layoffs “cannot be the only solution”.
The union added that its analysis suggests the company’s financial situation is “not as disastrous as the company has portrayed in the media” and called for a constructive dialogue involving the regional development agency, Veneto Sviluppo, to explore alternatives. Campagnolo employs around 300 staff in Vicenza.
New mid-tier groupsets coming
The statement also highlighted that, following positive response to the release of Super Record 13 from the market, progress on new product development aimed at “intermediate product tiers”.
Campagnolo says it believes these products and expansion into “broader-market segments” will deliver “sustainable growth in the medium to long term”.
“The company has the expertise and technical resources required to complete this journey and will continue to leverage internal professional skills to ensure stability and continuity”, it continues.
Campagnolo has repositioned itself as a sports luxury brand in recent years, focusing almost exclusively on high-end products.
Historically, Campagnolo offered products across all price ranges, but largely abandoned the entry-level and mid-range of the market.
The statement makes clear, after months of hints from the brand and wide speculation, that it intends to re-enter this end of the market.
