Leonardo to restructure workforce after successful negotiations with trade unions

As a direct consequence of effective and constructive negotiations with trade unions, the Leonardo Group will instigate an early-retirement programme that will involve up to 400 members of the existing staff employed all over Italy for the Corporate and Staff areas of Leonardo, Leonardo Global Solutions and Leonardo Logistics.

The option to take early retirement will remain open between 2023 and 2024 and will be offered exclusively to employees who qualify for retirement by no later than November 30, 2028. The plan is expected to be Net Present Value (NPV) positive.

Simultaneously, Leonardo will be looking to recruit 600 new employees with upgraded competences and new skills, in line with the evolution of industrial processes and professional profiles, to drive the consolidation and evolution of various business sectors. Lucio Valerio Cioffi, General Manager of Leonardo, commented: “Following the physiological shrinkage due to the effects of the pandemic, over the past two years we have seen a resumption of growth with a definite improvement in terms of new orders and, more generally, of business prospects. The agreement signed today represents a decisive contribution to Leonardo’s Corporate Value Creation Programme. This initiative sets out to achieve a more effective competitive positioning of the Company in its target markets by strengthening our areas of direct business support, where we are making key investments linked to a clear technology and product development strategy.”

The restructuring of the workforce is also in line with the Be Tomorrow Leonardo 2030 Plan, a long-term strategic plan that views safeguarding technological innovation as the key factor in competitiveness.