Fall in advertising revenue: SRG has to save and wants to cut 250 jobs – News – SRF
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The Swiss radio and television company SRG, to which SRF also belongs, has announced job cuts.
About 250 of the 5,500 full-time positions are expected to be eliminated over the next four years, according to a press release.
In the first half of 2020, advertising revenue fell 65 million francs compared to the same period last year, mainly due to the crown crisis. The drop in advertising revenue since 2017 has amounted to almost 100 million francs. That is why they want to take “more adjustment and transformation measures.”
In the next four years, a savings plan of 50 million francs will be implemented, continues the SRG. This will also have an impact on the number of jobs: the Swiss radio and television company expects a company-wide reduction of around 250 full-time jobs.
The goal is to achieve the reduction primarily through natural fluctuations. However, layoffs cannot be avoided, the SRG said.
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