The magazine saves by forgoing wages

The editorial team of the 'Magazin', the weekend supplement of the Tages-Anzeiger, is waiving 7.5 percent of its previous salary The editorial team of the 'Magazin', the weekend supplement of the Tages-Anzeiger, is waiving 7.5 percent of its previous salary. This is intended to achieve the savings target of 20 percent set by publisher Tamedia at the end of November. "In view of the 2004 budget, we were faced with the alternative of Job cuts or wage cuts," explained Editor-in-Chief Res Strehle. The wage cuts can be reversed if the economy picks up again.