Ringier Axel Springer Switzerland discontinues three magazines and makes Bolero a supplement
The end of the French-language edition of Bolero, Bolero Men and the monthly magazine Schweizer Bank: Ringier-Axel-Springer-Schweiz-Verlag is reducing its magazine portfolio. Seven employees are affected by the job cuts.
From 2019, the fashion and lifestyle magazine Bolero in revised form six times a year as a supplement to the Balance and the Handelszeitung as Ringier Axel Springer Switzerland announced on Tuesday. Bolero replaces the Swiss edition of the magazine Icon which was previously included with both titles. Bolero Men and the French edition of Bolero will be discontinued at the end of 2018. The topics of fashion, beauty, jewelry and luxury will now be covered in six special issues per year in the supplement T from Le Temps included. The monthly specialist publication Swiss Bank will be discontinued at the end of the year. According to Ringier Axel Springer Switzerland, the reason for this is "the structural changes in the banking business and the associated advertising market". The sister publication Swiss insurance.
A total of seven employees will be affected by the job cuts as a result of this restructuring. The publishing house is endeavoring to keep the employees on in positions that become vacant internally, said Head of Communications René Beutner on request. The Ringier Axel Springer Schweiz publishing house is based in Zurich and employs around 550 people. The joint venture is the largest magazine publisher in Switzerland and produces thirty titles with 840 issues per year. (SDA)
