Assicurazioni Generali plans 9% workforce reduction in Germany

Assicurazioni Generali: Assicurazioni Generali is a leading European insurance group offering life, non-life, and asset management services with operations across multiple countries. The company recently approved updates to its organizational structure and governance, effective in early November 2026, to support the final phase of its current strategy and prepare for the subsequent cycle. This news about workforce and location reductions in Germany forms part of targeted simplification measures within its European operations. Organizational Update: Generali approved a new group-wide market structure and governance adjustments in October 2026 to align operations with long-term strategic priorities. Operational Streamlining: The company is consolidating its presence in key markets through regional centers and efficiency measures amid evolving industry conditions.