Campagnolo confirms job losses as part of financial plan to “strengthen competitiveness and ensure sustainable growth”, after report 40% of staff laid off in response to third year of heavy losses

Premium bicycle components manufacturer Campagnolo has confirmed it is making redundancies as part of a “financial plan” to “strengthen competitiveness and ensure sustainable growth in the medium to long term”.

The statement provided to road.cc follows a report in the Italian press last week 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.

Campagnolo has not addressed that 40 per cent figure directly, 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”.

The components brand also insisted that all the proposals had come following months of consideration and work, with discussions between the company and trade unions described as “ongoing”, perhaps suggesting there could still be updates to come.

A spokesperson for Campagnolo also confirmed to road.cc that the industrial plan “made no reference to relocations of any kind” and stressed that “made in Italy remains both a priority and a responsibility for the company”.

> Where does Campagnolo go from here?

The spokesperson told us at length how: “Campagnolo management has, with great transparency, presented the industrial plan approved by the board of directors on 21 November to the trade unions FIM CISL and FIOM CGIL and to the Unified Labour Council RSU. This is a highly structured plan, the result of months of work.

“Discussions between the company and trade unions are ongoing, with possible positive developments regarding a schedule of meetings that has already been defined. In their communication, those responsible for managing the industrial plan made no reference to relocations of any kind. 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.

“Based on the current situation and the contents of the approved industrial plan, the board of directors has defined a structured financial plan aimed at restoring to the Vicenza community, a company of technical excellence, sustainable overtime and capable of guaranteeing employment in Vicenza, albeit with a reduction expected at this stage.

“On the product development front, the launch of the new Super Record 13 platform is fully confirming expectations: the groupset is receiving excellent feedback from the market, thanks to its performance and proven reliability, and it is reaffirming the brand as a reference choice among the best bicycle manufacturers.

“However, the project goes well beyond this first important step. Thanks to the strength of this new technological foundation, Campagnolo is already at an advanced stage of developing additional platforms that will extend the company’s presence into intermediate product tiers and subsequently into broader-market segments, thereby increasing the company’s production commitment.

“The goal is to strengthen competitiveness and ensure 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.”

While Campagnolo did not mention any specifics about redundancy numbers, the brand’s spokesperson also did not refute any of the claims made in a report by Il Gazzettino last week, the Italian newspaper suggesting 120 of 300 staff members are being let go.

Responding directly with a statement in that story, Campagnolo had said there is “no alternative” to this round of redundancies “without dramatic consequences” for the company and the surrounding region.

Campagnolo also 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.

But despite this loan, Campagnolo said 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 just last month, 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.

Campagnolo is not alone in finding the bike industry a challenging market since Covid, competitor and components giant Shimano having reported numerous slides in sales and profits in recent years. In October, the Japanese company said its profits had plummeted, even despite modest sales growth. This was blamed on cycling industry challenges, inventory issues, and foreign exchange losses.