Generali Cuts 800 Jobs in Germany
The German unit of Italian insurer Generali plans to eliminate 800 positions by 2030 through attrition and retirements. The restructuring also involves consolidating offices and investing over 100 million euros in technology.
Insights:
Generali's German subsidiary will cut 800 jobs by the end of 2030, reducing its workforce by 9% as part of a major restructuring program. The insurer operates in Italy and Germany, where it currently employs 9,100 people. The reduction impacts local labor costs and office footprints as hybrid work alters structural demand.
