Frankfurter Allgemeine puts the brakes on costs
Following the Süddeutsche Zeitung, the Frankfurter Allgemeine Zeitung is now also tightening its belt. According to Horizont.net, management has reportedly approved a cost-cutting program amounting to 10 percent.
After the Süddeutsche Zeitung, the Frankfurter Allgemeine Zeitung is now also hitting the cost brakes. According to Horizont.net, the management has decided on a cost-cutting program of ten percent. The works council and employees were informed this week. Spokesman Josef Krieg did not want to confirm the amount of the savings to Horizont.net. Although precautionary measures had to be taken from a commercial point of view, the company did not want to proceed "with a lawnmower".
According to Horizont.net, it is uncertain whether the ten percent will be enough. The works council is said to have been informed that further steps would be necessary should the advertising business develop even worse than expected. The financial and automotive sectors in particular are currently giving German daily newspapers a hard time.
Layoffs for operational reasons are not yet an issue. However, vacant positions are unlikely to be filled at present. As was announced on Wednesday, the long-standing business editor Christoph Noack is moving to Air Berlin as press spokesman. Spokesman Krieg gave Horizont.net the all-clear, at least in part. The company will not be driven crazy by the crisis. Nothing will be done that could damage the quality of the Frankfurter Allgemeine.
According to Horizont.net, it is uncertain whether the ten percent will be enough. The works council is said to have been informed that further steps would be necessary should the advertising business develop even worse than expected. The financial and automotive sectors in particular are currently giving German daily newspapers a hard time.
Layoffs for operational reasons are not yet an issue. However, vacant positions are unlikely to be filled at present. As was announced on Wednesday, the long-standing business editor Christoph Noack is moving to Air Berlin as press spokesman. Spokesman Krieg gave Horizont.net the all-clear, at least in part. The company will not be driven crazy by the crisis. Nothing will be done that could damage the quality of the Frankfurter Allgemeine.
