Neue Luzerner Zeitung cuts 20 jobs
Neue Luzerner Zeitung AG is cutting 20 jobs by the end of the year, including 10 editorial positions. In future, the Neue Luzerner Zeitung will only be published in four volumes. The reason for this is the continuing decline in income in the advertising market and the prospects for subscription-based daily newspapers.
In future, the Neue Luzerner Zeitung (NLZ) will only be published in four volumes and will cut 10 of its 130 jobs by the end of the year. A total of 20 jobs will be cut at NLZ AG. The reason for this is the continuing decline in income in the advertising market and the prospects for subscription-based daily newspapers, as the publisher of the quasi-monopolist in Central Switzerland announced on Tuesday evening. Despite the cost-cutting measures, the impact on the editorial offering would be "not dramatic", said Managing Director Jürg Weber. According to the press release, the newspaper is also reviewing its supplements. The concept of "Zentralschweiz am Sonntag", which has been published since September 2008, will not be changed.
The job cuts will take the form of retirements, early retirements, reduced workloads and redundancies. Where redundancies are unavoidable, the affected employees will benefit from socially responsible solutions, according to the press release. The media company intends to make savings in processes, purchasing and sponsoring. The publishers are not only reacting to the advertising slump with the cost-cutting measures. Weber said that newspapers are likely to face tougher times in the medium term. That is why it is also a goal to make Neue LZ lean.
Neue Luzerner Zeitung AG is a subsidiary of LZ Medien Holding AG. In addition to the NLZ and its regional editions, it publishes Zentralschweiz am Sonntag. It also publishes the Obwaldner Wochenblatt, the Nidwaldner Wochenblatt and the Zuger Presse with the local edition Zugerbieter. The Neue Luzerner Zeitung also offers Zisch, the largest online platform in Central Switzerland. Radio Pilatus is also part of the media company, as is the regional television station Tele 1, which has now been granted a license.
The job cuts will take the form of retirements, early retirements, reduced workloads and redundancies. Where redundancies are unavoidable, the affected employees will benefit from socially responsible solutions, according to the press release. The media company intends to make savings in processes, purchasing and sponsoring. The publishers are not only reacting to the advertising slump with the cost-cutting measures. Weber said that newspapers are likely to face tougher times in the medium term. That is why it is also a goal to make Neue LZ lean.
Neue Luzerner Zeitung AG is a subsidiary of LZ Medien Holding AG. In addition to the NLZ and its regional editions, it publishes Zentralschweiz am Sonntag. It also publishes the Obwaldner Wochenblatt, the Nidwaldner Wochenblatt and the Zuger Presse with the local edition Zugerbieter. The Neue Luzerner Zeitung also offers Zisch, the largest online platform in Central Switzerland. Radio Pilatus is also part of the media company, as is the regional television station Tele 1, which has now been granted a license.
