Italy's Generali cuts around 800 jobs in Germany

MUNICH, Oct 23 (Reuters) - The German subsidiary of the Italian insurer Generali said on Friday it would cut 800 jobs by the end of 2030 as part of a restructuring programme.

• The reduction represents about 9% of its current workforce of 9,100 employees

• The company said it would mainly implement the workforce reduction through retirements and attrition

• The insurer also said it was consolidating some office locations to lower property costs amid increased hybrid working

• Generali will invest more than €100 million ($112.07 million) in technology and AI, it said

($1 = 0.8923 euros)

(Reporting by Alexaner Huebner; writing by Tom Sims, editing by Emanuele Berro)