Campagnolo, the renowned Italian manufacturer of high-performance bicycle components, is facing significant workforce reductions. As of September 23, 2026, the company confirmed that 90 of its 259 employees are at risk of redundancy, representing over a third of its staff. This announcement was made during a regional monitoring meeting convened by Veneto Lavoro. (agenparl.eu)
The company had previously announced 120 redundancies in November 2025, attributing the decision to losses exceeding €24 million over the 2023-2025 period. In response, a one-year solidarity contract was agreed upon, approved by 77% of the workforce. However, this measure only deferred the issue without resolving it, as it covered only the 2026 period. (bikeitalia.it)
In an effort to strengthen its position, Campagnolo announced a strategic minority investment from SPAC SA, a Swiss-based holding company with connections to billionaire Ivan Glasenberg and other cycling investments, including Pinarello. The Campagnolo family retains majority ownership and operational control, ensuring the company’s continued independence. (cyclingnews.com)
Despite these efforts, the company continues to face challenges in the competitive cycling component market. The Fiom Cgil union has expressed strong opposition to the proposed redundancies, deeming them “unacceptable” and “serious.” The union had previously agreed to the solidarity contract and now demands that the incoming capital be used for “concrete investments in products, outdated machinery, and the resumption of full production,” rather than reducing the workforce. (bikeitalia.it)
The next regional meeting is scheduled for November 11, 2026, just seven weeks before the solidarity contract expires. Stakeholders are keenly awaiting the company’s strategic decisions regarding the future of its workforce and operations.
Highlights:
- Campagnolo sells minority stake to investment group with links to Pinarello, Published on Wednesday, September 02