SRG applies for short-time work for around 600 employees
SRG is applying for short-time work for some of its employees. It cites financial losses resulting from the cancellation of major sporting and cultural events, as well as significant declines in advertising revenue, as the reasons for this move.
Image: SRG
Many planned productions could not be carried out, the Swiss Radio and Television Company announced on Tuesday. Although it is not possible to put a precise figure on the drop in revenue, the company expects losses in the double-digit millions.
"After careful consideration", the management had decided to apply for short-time work for part of the workforce. According to the information, the corporate sectors Operations of Schweizer Radio und Fernsehen SRF as well as the corresponding units at the French-speaking branch RTS and the RSI stations in Ticino are affected.
The Access Services and Service Technologies parts of Swiss Txt will also be affected. A total of around 600 employees will be registered for short-time work, the statement added.
SRG introduces short-time work in agreement with those affected and the Swiss Syndicate of Media Workers union. Employees will continue to be paid their full salary. SRG's aim in taking this step is to help safeguard jobs.
SRG is not the first media company to apply for short-time work in Switzerland due to the slump in advertising revenues in the Corona crisis. At the beginning of April, the NZZ Media Group announcedIt wants to introduce short-time working, At the end of March, the CH Media Group and already before the Tamedia Group and French-speaking Swiss media. (SDA)
