Permanent new position at Ringier for 15 Cash employees

 The last issue of the weekly title Cash was published at the end of June. Ringier had defined a solution for two thirds of the 46 employees affected by the discontinuation as its goal. Christoph Bauer, Head of Business Media at Ringier Verlag Schweiz, announced on Tuesday what the situation looks like so far. According to Bauer, a solution has been found for 36 of the affected employees: Fifteen employees have opted for a new permanent position with Cash daily or other Ringier titles and eight employees have found a new external job. Five employees are taking early retirement and four had already resigned before the closure or at the same time. Finally, four employees would like to change career direction by continuing their education or moving abroad, according to Ringier.
Of the ten remaining employees who have not yet found a definitive solution, four will continue to work for Ringier on a temporary basis. Six are still looking for a suitable new role.
The goal communicated by Ringier when the weekly magazine Cash was discontinued has therefore been achieved. However, the work continues for Ringier: "For all vacancies that could come into question for the six remaining employees, we first contact them before we look for external candidates. However, some of our offers have already been rejected," Bauer is quoted as saying in the Ringier press release. Bauer attributes the fact that a solution has been found for two thirds of the affected employees to the current job market and the good training of the Cash employees.