Basler Zeitung cuts 22 full-time jobs
The Basler Zeitung is cutting 22 full-time positions. Eight employees will be laid off, the company announced on Thursday. In the other cases, the reduction will be achieved through natural attrition and early retirement. A severance plan is in place.
The Basler Zeitung is cutting 22 full-time jobs. Eight employees will be made redundant, as the company announced on Thursday. In all other cases, the reduction will be achieved through natural departures and early retirement. A social plan has been drawn up.
Just under three months ago, the Group reported a 13.6% drop in profits to CHF 7 million, with slightly higher sales. The reasons for the job cuts are now cited as the economic crisis and falling earnings with rising production costs. The Board of Directors has decided on a "comprehensive package of measures" to reduce costs, according to the press release. However, quality is to be maintained.
The newspaper will continue to be published in its current format with four volumes in standard format plus a tabloid culture magazine. The Saturday weekend bundle introduced in mid-2007 will no longer be published from the end of February. However, individual sections will be moved to other frets. TA Media's magazine will continue to be included with the Baz am Wochenende.
Just under three months ago, the Group reported a 13.6% drop in profits to CHF 7 million, with slightly higher sales. The reasons for the job cuts are now cited as the economic crisis and falling earnings with rising production costs. The Board of Directors has decided on a "comprehensive package of measures" to reduce costs, according to the press release. However, quality is to be maintained.
The newspaper will continue to be published in its current format with four volumes in standard format plus a tabloid culture magazine. The Saturday weekend bundle introduced in mid-2007 will no longer be published from the end of February. However, individual sections will be moved to other frets. TA Media's magazine will continue to be included with the Baz am Wochenende.
