Italy's Generali cuts around 800 jobs in Germany
23/10/2026 14:23
Italy's Generali cuts around 800 jobs in Germany MUNICH, Oct 23 (Reuters) - The German subsidiary of the Italian insurer Generali GASI.MI said on Friday it would cut 800 jobs by the end of 2030 as part of a restructuring programme.
The reduction represents about 9% of its current workforce of 9,100 employees
The company said it would mainly implement the workforce reduction through retirements and attrition
The insurer also said it was consolidating some office locations to lower property costs amid increased hybrid working
Generali will invest more than €100 million ($112.07 million) in technology and AI, it said
($1 = 0.8923 euros)
(Reporting by Alexaner Huebner; writing by Tom Sims, editing by Emanuele Berro)
((Tom.Sims@thomsonreuters.com; +49 30 220 133 645))
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