140 jobs cut at CH Media – reduction slightly reduced
Published: Thursday, Dec 14th 2023, 16:20
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Following the consultation process, the media company CH Media is reducing its workforce by ten to 140 full-time positions. According to the company ("Aargauer Zeitung", TeleZüri), the reduction is unavoidable. There will be 80 redundancies.
The company management has reviewed the proposals of the personnel committee, announced CH Media, based in Aarau, on Thursday. The aim remains to make as few redundancies as possible and to reduce the workforce through natural fluctuation. A social plan will be implemented for those affected by the redundancies
The media company employs almost 2,000 people in German-speaking Switzerland. CH Media justified the job cuts announced in November with the fact that a loss of CHF 6.9 million was recorded in the first half of 2023.
According to CEO Michael Wanner, the job cuts are "still urgent" and "unavoidable" in order to secure the future viability of the company, as stated in the press release.
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