Spring’s approach brings brighter days, and it would appear that Campagnolo is emerging from its own period of darkness, perhaps the culmination of a difficult few years for the brand.
Cyclingnews received a statement from the brand this week with an update on what’s been going on at the Italian manufacturer and an outline of what the future holds.
From the outside looking in, it appears to have been a turbulent few years, or even longer, for Campagnolo. Its equipment isn’t used in the men’s or women’s WorldTour pelotons, something that’s at odds with the company’s rich racing heritage. Its focus has been on top-tier equipment for several years, and the decision to focus on the ‘sport luxury’ market segment headline created a lot of online speculation.
“A number of stories about Campagnolo have circulated over the past few months,” began the statement, which Cyclingnews received this week.
“Some were partial, others simply inaccurate. Since then, many things have happened. And now is the right time to speak clearly about them.” Campagnolo, it would seem, is ready to talk.
These inaccuracies related to the ‘mass redundancy’ news that spread at the end of last year, which cited layoffs for around 40% of the company workforce, which has sites in Italy and Romania.
The recent period has been very challenging for Campagnolo on a number of fronts. With talk of company relocation and redundancy, however, the brand confirmed that no employees had been made redundant. Local media speculation following a meeting between two Italian trade unions and the Campagnolo board led to the mass redundancy headlines.
The statement also mentioned an internal referendum, and it seems the company has arrived at a way forward which most staff are happy with. A lot of internal restructuring…
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