Another NZZ savings round

The Neue Zürcher Zeitung (NZZ) has to make further cuts and all department heads have been asked to explain in writing by the end of June how they intend to contribute to a new round of savings. According to the SonntagsZeitung (SoZ), redundancies are unavoidable. NZZ Editor-in-Chief and Chairman of the Executive Board Hugo Bütler confirmed the savings program to the SoZ. However, the scope of the program for the NZZ editorial team is less than the five million francs that the SoZ claims to have heard about. It also knew that the Board of Directors of the NZZ Group is asking the management to think about the future management structure.