The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture of food and beverage Manufacture of beverages 11.0 - Manufacture of beverages
100 jobs Number of planned job losses
Announcement Date
20 February 2025
Employment effect (start)
20 February 2025
Foreseen end date
Description
Campari Group has unveiled restructuring plans amid difficulties. CEO Simon Hunt, appointed in January 2025, has indicated the need for organizational changes to address financial pressures. Industry sources suggest workforce reductions of approximately 10% could affect around 500 positions globally (100 in Italy).
The Italian spirits maker faces challenges including declining Cognac demand in America, Chinese market restrictions, and potential US tariff impacts. The company reported significant profit decreases in Q3 and expects continued pressure on Q4 results.
Despite these challenges, Campari shares gained value after the announcement, with analysts maintaining positive outlooks on the company's recovery potential through portfolio rationalization and cost management initiatives.
Eurofound (2025), Campari, Internal restructuring in Italy, factsheet number 202421, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202421.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
