Tamedia abolishes bonuses
Tamedia is saying goodbye to the previous compensation model. Employees are now to participate in the company's success.
As Insideparadeplatz.ch reported on Wednesday reportsTamedia's previous bonus model has fallen victim to the red pencil. From 2019, all managers and employees will no longer receive an individually determined profit-sharing bonus, writes the portal. Instead, they will receive a share of the annual profit. This decision was communicated to the top management on Tuesday and the rest of the workforce was informed on Wednesday.
Tamedia denied on Wednesday that this was another cost-cutting exercise, as suspected by Finanzblog. "This is not a cost-cutting measure. All adjustments will be implemented on a cost-neutral basis per employee so that the total annual salary remains the same," a spokesperson told Inside Paradeplatz. In view of the numerous company acquisitions, the aim is to offer all employees in comparable functions the same employment conditions. In addition, the new management model should promote the entrepreneurial attitude of management staff: in future, they should all be measured against the same goal - Tamedia's results. (hae)
