Tamedia gives employees a share of 8 million francs in the result
Tamedia is sharing a total of 8 million Swiss francs of its 2011 profits with its employees. The distribution will take place through two separate profit-sharing programs for the Tamedia and Edipresse Suisse divisions.
The total amount of the profit-sharing scheme for the Tamedia division amounts to CHF 7.18 million, as Tamedia writes in a press release. Employees can decide whether they wish to receive the amount in cash or in the form of shares. Employees who receive the profit-sharing bonus in the form of shares will benefit from an increase of 20 percent. Tamedia's profit-sharing model has been in place for more than ten years.
In order to give all employees a share in the profit they have generated, Tamedia has decided to voluntarily pay Edipresse Suisse employees a profit share based on the previous Edipresse model for the last time. A total of CHF 0.75 million will be paid out under the Edipresse Suisse profit-sharing model. From the 2012 financial year, all employees will participate in Tamedia's profit-sharing model.
> Tamedia increases profit by over 60 percent in 2011
> Syndicom: "Now it's the staff's turn"
