Axel Springer cuts events, not jobs
The Springer Group is also preparing for an uncertain future. Saving is the order of the day. However, the German publishing house, which publishes the Beobachter, the Handelszeitung, the business magazine Bilanz and the television magazines Tele and TV Star in Switzerland, does not intend to cut staff for the time being.
The Springer Group is also preparing for an uncertain future. Saving is the order of the day. However, the German publishing house, which publishes the Beobachter, the Handelszeitung, the business magazine Bilanz and the television magazines Tele and TV Star in Switzerland, does not intend to cut staff for the time being.
Despite the significant economic downturn, Axel Springer has so far managed to defy the crisis and refrain from making severe cuts to its staff or its titles and online offerings, the German media group wrote in a press release on Monday.
Every effort will continue to be made to ensure that this remains the case. In view of falling advertising revenues and the uncertainty of the forecast for the coming year, the Group Management Board has therefore decided to take a break from events in 2009.
This affects all celebrations, receptions and galas throughout the Group. The fundraising campaign. The prizes and awards will also be presented in 2009 - but without accompanying events.
"We don't want to make savings where it would affect the quality of our journalism and the motivation of our employees. We have not made any redundancies or discontinued any newspapers or magazines to date. We hope that we can also avoid this in the future. And we want to continue to invest in the basis of our business, in excellent content," Springer CEO Mathias Döpfner is quoted as saying in the press release.
Axel Springer Switzerland will therefore award the "Prix Courage" presented by the Beobachter next year without the usual gala. The Handelszeitung's "Advertising Trends" study will also be published without an accompanying reception.
As part of a repositioning and possible cooperation with other partners, it was decided in advance to postpone the awarding of the new Swiss Television Prize by Tele and TV Star until the first half of 2010, Springer continues.
Despite the significant economic downturn, Axel Springer has so far managed to defy the crisis and refrain from making severe cuts to its staff or its titles and online offerings, the German media group wrote in a press release on Monday.
Every effort will continue to be made to ensure that this remains the case. In view of falling advertising revenues and the uncertainty of the forecast for the coming year, the Group Management Board has therefore decided to take a break from events in 2009.
This affects all celebrations, receptions and galas throughout the Group. The fundraising campaign. The prizes and awards will also be presented in 2009 - but without accompanying events.
"We don't want to make savings where it would affect the quality of our journalism and the motivation of our employees. We have not made any redundancies or discontinued any newspapers or magazines to date. We hope that we can also avoid this in the future. And we want to continue to invest in the basis of our business, in excellent content," Springer CEO Mathias Döpfner is quoted as saying in the press release.
Axel Springer Switzerland will therefore award the "Prix Courage" presented by the Beobachter next year without the usual gala. The Handelszeitung's "Advertising Trends" study will also be published without an accompanying reception.
As part of a repositioning and possible cooperation with other partners, it was decided in advance to postpone the awarding of the new Swiss Television Prize by Tele and TV Star until the first half of 2010, Springer continues.
