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Media banner “20 Minutes” is expected to lay off 35 people. The company, which has 322 full-time positions, is part of TX Group and is looking to cut costs so it can continue to invest in innovation, the company said on Wednesday.
The editorial team in French-speaking Switzerland will be most affected by the layoffs: “20 minutes”, which also includes Lematin.ch and the Sport-Center agency, is one of the largest editorial departments in French-speaking Switzerland with 104 employees. . According to the announcement, 28 employees are expected to be affected by the layoffs.
The editorial team in German-speaking Switzerland employs 145 people. Seven employees will lose their jobs and three employees will have to reduce their workload.
Measures in French-speaking Switzerland are subject to the results of the employee participation process, which will be launched immediately. Affected employees are supported by a social plan. The social plan is also reportedly used in German-speaking Switzerland. (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
