Canyon cuts one in five jobs
Canyon, the top dog among mail order companies, is responding to the ongoing consolidation of the bicycle industry with a comprehensive organizational realignment. Among other things, this is due to the subdued economic outlook, geopolitical tensions and additional burdens from international trade barriers such as US tariffs.
After strong growth during the coronavirus boom between 2020 and 2023, Canyon now wants to reduce complexity and simplify processes. The aim is to become more agile and efficient again. As part of this, the company is planning to cut up to 320 jobs at its core locations - from a current total of around 1,600 employees.
Founder and Executive Chairman Roman Arnold describes the move as painful but necessary. Canyon had allowed itself to be slowed down by rapid growth and must now regain its operational clout. The works council has already been informed and talks are underway. The company emphasizes that it wants to make the process transparent and fair.
Despite the cuts, Canyon is sticking to selected investments for the future. These include the construction of a new e-bike center in Koblenz, which is scheduled to open in 2026. Canyon continues to see long-term potential, particularly in the rapidly growing e-bike segment.
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Note: This content has been automatically translated from German. Please report any incorrect translations.