Restructuring events
European Restructuring Monitor (ERM)
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.
Campagnolo has declared 120 redundancies among its 300-employee workforce at the historic Vicenza bicycle technology manufacturing facility, informing unions of unavoidable surplus following the post-COVID bicycle market collapse. Despite launching a 13-speed transmission in June, revenues have sharply declined. Redundancies would affect both factory workers and administrative staff. The company recently implemented ordinary unemployment benefits periods, concluding in -September.
Fiom-CGIL Vicenza (trade union) criticised the absence of an industrial plan, characterising the proposal as economic restructuring to relaunch catalogue products rather than develop new ones. They suspect production externalisation, leaving minimal Veneto operations, though explicit relocation discussion hasn't occurred, with production floor signals reinforcing concerns.
The latest consolidated balance sheet (May 31, 2024) showed a production value of €82 million versus €132 million in the prior twelve months, with a net loss of €15 million compared to €1 million loss at May 31, 2023. Management reports indicate that results below expectations stem from difficult bicycle market conditions with supply-product excess.
Eurofound (2025), Campagnolo, Internal restructuring in Italy, factsheet number 203778, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203778.