Unsatisfactory financial year for the UD Medien Group
The UD Medien Group, headquartered in Lucerne, reported an unsatisfactory fiscal year in 2009. As a result, a total of ten jobs were cut at two of the group’s companies.
In terms of numbers, DU Print had to bear the brunt of the cuts. Seven of the total of 96 jobs are affected, according to a statement from the group. At Anzeiger Luzern AG, three of 25 jobs will be cut, one each in editorial, administration and the distribution organization. According to Akermann, CEO of the DU Medien Group, one of the most important findings from the analyses of the 2009 financial year was the more intensive use of the in-house value chain in the print sector.
After a profit of almost a quarter of a million francs in the 2008 financial year, the year was characterized by an economic slump and a collapse in advertising volumes. In contrast, the financial statements for the previous year show a loss of almost 380,000 francs. In the first quarter of 2010, operating income improved again slightly.
After a profit of almost a quarter of a million francs in the 2008 financial year, the year was characterized by an economic slump and a collapse in advertising volumes. In contrast, the financial statements for the previous year show a loss of almost 380,000 francs. In the first quarter of 2010, operating income improved again slightly.
