NZZ responds to Corona crisis with savings program
According to the SonntagsZeitung, the Neue Zürcher Zeitung is planning a cost-cutting program in response to falling advertising revenues. This includes job cuts. Weltwoche has also applied for short-time work.
The SonntagsZeitung refers to a letter from the NZZ-Group CEO Felix Graf to the Personnel Commission. Despite the short-time work already implemented as a result of the coronavirus crisis, jobs would have to be cut, it was said. The management will present a concept to the Board of Directors at the end of June. It is not yet known how many jobs will be affected. However, a figure of a 10 percent reduction in staff is circulating in the newsroom. The letter would have caused a stir among the staff.
Weltwoche also applies for short-time work
At the same time reports the SonntagsZeitungthat the Weltwoche recently applied for short-time working after a long period of hesitation. Weltwoche-publisher and SVP National Councilor Roger Köppel told the newspaper that instead of talking about state aid in the coronavirus crisis, one should rather talk about compensation for damages. "Otherwise, you're also making the perpetrator of the economic crisis into a benefactor," he told the SonntagsZeitung. (SDA/hae)
