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Market Chatter: Generali to Reportedly Reduce German Staff by 9% Amid Restructuring Plans

MT Newswires·10/23/2026 11:22:41
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11:22 AM EDT, 10/23/2026 (MT Newswires) -- Assicurazioni Generali (G.MI) will lay off 9% of its Germany-based workers as it streamlines its local operations to reduce expenses and boost collaboration, Bloomberg News reported Friday, citing a company statement. The workforce reduction will be carried out through voluntary retirement packages, the report said. The Italian insurer also plans to establish five regional centers in Munich, Cologne, Karlsruhe, Hamburg, and Saarbrücken. Generali did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)