Campagnolo has ruled out “any form” of redundancies after reaching an agreement with “trade unions and social partners”, following reports of mass layoffs amid a period of sustained heavy losses for the troubled Italian brand.
Nevertheless, the premium bicycle components manufacturer acknowledged this week that the company is undertaking a “deep internal reorganisation” which it says will aim to “simplify, reduce decision-making layers, speed up processes, and give space to the young talents”.
In its statement, Campagnolo also criticised what it claimed were “partial” or “simply inaccurate” reports about the scale of the brand’s troubles and blamed local union representatives for speaking to the press, despite a spokesperson for the brand previously confirming to road.cc that redundancies were set to take place.
In December, Campagnolo told road.cc that layoffs formed part of a “financial plan” to “strengthen competitiveness and ensure sustainable growth in the medium to long term”.
That apparent confirmation followed a report in the Italian press suggesting that Campagnolo was laying off 40 per cent of its staff in response to its third year in the red, the iconic components brand having reportedly lost around €24 million since 2023.
The spokesperson did not address that 40 per cent figure directly, however, only stating that there will be “a reduction” in employment at its Vicenza base while a “structured financial plan” is followed “aimed at restoring to the Vicenza community, a company of technical excellence, sustainable overtime and capable of guaranteeing employment”.
But this week Campagnolo has set the record straight, announcing that no layoffs will take place at the company, following an agreement reached before Christmas.
“A number of stories about Campagnolo have circulated over the past few months,” the brand said in a statement.
“Some were partial, others simply inaccurate. Since then, many things have happened. And now is the right time to speak clearly about them.
“Campagnolo has now reached an agreement with trade unions and social partners through a serious and shared process that also included an internal referendum. Seventy-seven per cent of employees expressed their support.
“This agreement led to the signing of a solidarity contract and clearly ruled out any form of layoffs. The process was completed before Christmas, allowing the company to enter the new year with greater stability and a strong sense of responsibility.”
> Where does Campagnolo go from here?
The statement also criticised reports from December which claimed that 120 of 300 staff members were being let go (something they failed to refute when asked whether that was the case by road.cc).
“It was only the first conversation with the union. The union goes out and talks to the local press. The local press amplified the news. It was really difficult for us; we will try to start 2026 with stability,” the statement said, before admitting that change was, in fact, on its way.
“Campagnolo is changing. The company is undergoing a deep internal reorganisation that affects both its structure and the way it works. The goal is to simplify, reduce decision-making layers, speed up processes, and give space to the young talents who are already part of the organisation. This is not a cosmetic change.
“The new 13-speed platform is delivering very positive results, both in terms of sales and customer satisfaction. The market has recognised a real shift in pace: technology, precision, speed, and reliability that make this drivetrain truly unique.”
Campagnolo, a brand criticised in recent years for focusing only on high-end products, also noted in the statement that it will turn at least some of its attention to more affordable, second-tier components in 2026.
“This is not the endpoint. This technological platform will soon be introduced at more accessible price points,” the company said.
“This is a key step in strengthening Campagnolo’s presence in the market and in bringing our products back onto the bikes of the world’s leading manufacturers. Many other important developments will be unveiled over the course of the year.
“We continue to build the future of cycling with genuine passion, respect for our history, and a clear focus on what lies ahead. Not only for business, but for love of this sport.”
Last year, Campagnolo revealed that, according to its financial statements up to 31 May 2025, the company’s losses for the 2023, 2024, and 2025 financial years will surpass the €24 million mark.
These three years of consecutive losses have been attributed by the Vincenza-based brand to the global economic downturn which has battered the cycling industry since its Covid-era boom at the start of the 2020s.
“Given these challenging figures, primarily due to a truly challenging industry environment that affects Campagnolo as well as its competitors worldwide, the shareholder has subscribed to a €10 million loan between November 2024 and December 2025,” Campagnolo said in a statement in November.
But despite this loan, Campagnolo said at the time that its liquidity “cannot currently guarantee business continuity under current conditions”.
In June, Campagnolo officially launched its new top-level Super Record 13, the world’s first wireless 2×13-speed groupset for road cycling, and what the company claims is the lightest and fastest-shifting 2x groupset on the market.
And in November, the brand expanded its Super Record 13 platform with the addition of a gravel-specific Super Record X for the first time – complete with a micro-clutch rear derailleur to keep your chain in place over rough ground – along with 1x road and 2x all road configurations, satellite shifters, and new wheels.
1 thought on “Campagnolo rules out “any form of layoffs” and hits out at “inaccurate” media reports on troubles – but admits “deep internal reorganisation” is taking place”
That’s standard crisis communication. Three years in the red, one may assume that a major overhaul including new top management is in the making. To be continued