Zofingen ZT Medien cuts 24 jobs
ZT Medien, a Zofingen-based printing and media company, is cutting 24 jobs. The reason is structural changes across the entire media industry, with a sharp decline in revenue in the reader, advertising, and print markets.
6.4 full-time positions have already not been replaced. According to information provided by the company on Monday, 19 layoffs or terminations of employment will be announced in the coming months. This involves a total of 11.5 full-time positions.
The remaining percentages will be achieved through natural attrition and retirements. All areas of the company are affected by the measures. A social plan has been drawn up for employees whose employment contracts are being terminated or modified for economic reasons.
ZT Medien, like all media companies, is operating in a difficult environment and is facing major challenges, the chairman of the board of directors, FDP National Councilor Corina Eichenberger, is quoted as saying in the press release.
The savings program is one of the measures decided by the Board of Directors on the basis of its analyses. The focus is on streamlining procedures and processes.
ZT Medien includes the daily newspapers Zofinger Tagblatt and Lucerne News. In addition, there is Radio Inside, Regiolive.tv, Alf TV, a printing company and various regional weekly newspapers.
Syndicom offers support
The Syndicom trade union criticized on Monday that the employees have so far been insufficiently involved. It is calling on the company to convene a meeting involving the union. Stephanie Vonarburg, responsible for the press sector and vice-president of Syndicom, was quoted in a media release as saying: "With the requested meeting, the management of the Zofinger Tagblatt would show that it wants to fulfill its social responsibility. It would also be a sign of appreciation towards their employees." (SDA)
