Business · Companies · 7 hrs ago
Generali to close three German sites and cut 800 jobs by 2030
Generali plans to close three sites in Germany by 2030, as part of a new location strategy.
The insurer will move teams from Aachen, Nuremberg and Stuttgart to regional centres in Cologne, Munich and Karlsruhe.
The changes will cut 800 jobs, the company said.
Generali says the reductions will happen through retirements, staff turnover and voluntary early-retirement measures.
It says employees will have a job and location guarantee until the end of 2030, to make the changes more predictable.
The closures and job cuts are planned by 2030; no more detailed timetable is given.
Generali also plans to invest hundreds of millions of euros in IT upgrades, digital services and artificial intelligence.
Generali plans to cut 800 jobs in Germany and close three sites by the end of 2030.
The sites named for closure are Aachen, Nuremberg and Stuttgart.
The company plans to consolidate teams in five regional centres in Munich, Cologne, Karlsruhe, Hamburg and Saarbrücken.
Generali says it will reduce jobs mainly through retirements, staff turnover and voluntary departures.
The company plans to invest a three-digit million-euro sum in IT, digitisation and artificial intelligence.
- Who
- Generali, the Italian insurance group, plans the changes in its German business.
- What
- It plans to cut 800 jobs and close sites in Aachen, Nuremberg and Stuttgart.
- When
- The changes are planned by the end of 2030.
- Where
- Germany.
- Why
- Generali says it is reorganising its business and investing in technology, digitisation and artificial intelligence.
This story does not have two clearly opposing sides.
Generali announced plans to cut 800 jobs and close three German sites.
Generali management plans to negotiate the changes with the works council.
The company plans to complete the job cuts and close the Aachen, Nuremberg and Stuttgart sites.
- Planned job cuts
- 800
- Sites to close
- Aachen, Nuremberg and Stuttgart
- Planned deadline
- End of 2030
- Regional centres
- Munich, Cologne, Karlsruhe, Hamburg and Saarbrücken
- Generali Germany workforce
- Around 9,100
- Planned technology investment
- A three-digit million-euro sum
5 sources
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What people are saying
Through early communication, combined with a job and site guarantee until the end of 2030, we want to make the changes manageable.
With the planned changes, we are creating the conditions to continue growing profitably and to offer our customers and distribution partners first-class solutions and services.