The German arm of Italian insurer Generali announced on Friday that it will eliminate approximately 800 jobs by the end of 2030 as part of a restructuring programme. The company currently employs a total of 9,100 staff in Germany, with its headquarters in Munich.
The German division explained that the reduction in headcount would be achieved mainly through retirements and natural attrition, thereby avoiding compulsory redundancies. The restructuring was announced alongside a plan to invest in technology, indicating that the company is simultaneously reducing its workforce and strengthening its digital capabilities.
Generali’s management also announced that it is abandoning its locations in Aachen, Nuremberg and Stuttgart. The reason cited is the desire to reduce office maintenance costs in the context of increased hybrid working. The company intends to consolidate staff in Cologne, Munich and Karlsruhe, where business operations will be concentrated.
In parallel with the closure of certain sites, Generali has announced the establishment of regional centres in Hamburg and Saarbrücken. This reorganises the company’s spatial structure to maintain a presence and service on key markets, but with fewer, larger hubs.
Alongside the restructuring, Generali will invest more than €100m in technology and artificial intelligence. The aim is to automate routine tasks and improve long-term efficiency, a direction of development the company has signalled for its German arm.
