Imprint: Negotiations with Agefi concluded

In early March, the Geneva-based financial newspaper Agefi announced restructuring measures that would result in layoffs. Through negotiations between the Impressum union, the staff committee, and Agefi management, the number of layoffs was reduced from eight to five. A severance plan was also negotiated.

As part of the consultation procedure prescribed by the collective labor agreement "CCT" and the "Declaration of Duties and Rights of Journalists", Impressum and the Agefi Personnel Commission (PeKo) negotiated with the management on alternative measures to avoid redundancies and the social plan. At the request of the union and the PeKo, the management submitted an application for short-time working, but this was not accepted by the cantonal authorities. Further negotiations were concluded last week. The negotiated social plan provides for severance pay of between two and a half and seven months, as well as other benefits. In view of the circumstances, it can be considered decent, Impressum wrote in a press release on Thursday.
After the job cuts, the editorial team will still consist of 14 journalists. "There are still enough of us, but we won't be able to do the same work as before," editor-in-chief François Schaller told the news agency SDA. Despite the crisis, according to Schaller, there is no scenario that envisages collaboration with another newspaper. However, it is now necessary to find even more external financing options.

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