Generali Deutschland to cut 800 jobs and close three sites by 2030

Job cuts and site closures

Generali Deutschland, the German unit of Italian insurer Generali, announced on Friday, 23 October 2026, that it will cut 800 jobs by 2030. The reduction equals about 9% of the roughly 9,100 people the company employs in Germany. Three offices are to close: Aachen, Nuremberg and Stuttgart. Their teams will be merged into regional centers in Cologne, Munich and Karlsruhe, while new regional centers are planned in Hamburg and Saarbrücken. Frankfurt, Leipzig and Berlin remain sites. The company is headquartered in Munich, and it says fewer buildings will cut property costs as hybrid working grows.

How the reduction is meant to happen

The company says the cuts will come through voluntary early retirement, retirements already planned and natural staff turnover. Bayerischer Rundfunk reports that no one is apparently to be dismissed, and part-time early retirement is among the instruments. A guarantee of jobs and locations applies until the end of 2030. Arne Benzin, the human resources board member, framed the approach this way:

Through early communication, combined with a guarantee of jobs and locations until the end of 2030, we want to make the changes predictable.

Benzin added that the company wants fair and responsible solutions for employees, reached together with co-determination. The company also plans to hire new staff with skills it considers important for the future.

Technology and investment

Generali Deutschland plans to invest a three-digit million-euro sum in modernizing its IT, digitalization and artificial intelligence. The company hopes the spending will make its operations productive enough for the 800 positions to become unnecessary. One report puts the investment at more than 100 million euros, while German-language reports describe a three-digit million sum. The firm plans to concentrate staff on insurance-related activities and to outsource other tasks to partners. It also says complexity should be reduced and responsibilities in customer-facing, sales and market-facing areas strengthened.

Leadership view and next steps

Stefan Lehmann, head of Generali Deutschland, tied the changes to the company's recent results and to a faster-moving industry. He said the insurance sector is changing faster and more disruptively than ever. In his words, the company is creating the conditions to keep growing:

With the planned changes, we are creating the conditions to continue growing profitably in the future and to offer our customers and sales partners first-class solutions and services.

Lehmann added that sustainability and social responsibility go hand in hand for the company. The company presents the reorganization as a continuation of a successful period, during which it increased sales in Germany. Management now plans to negotiate the proposals with the works council, and the sources do not give a date for a decision.