The Swiss Times - Swiss News in English

SRF announces cost-cutting measures with job cuts

Updated at 18 Mar 2024 2:30 pm

Swiss Radio and Television (SRF) is threatened with losses from 2025: further savings and job cuts are unavoidable, the company announced on Monday. The areas affected are still unclear - no concrete figures are yet available.

"The exact scope and the specific cost and job reductions will be worked out in the coming months as part of the SRF 4.0 project," it said in an SRF press release.

The media company cited declining advertising income and inflation as the reasons for the cost-cutting measures. These should be known by the summer and implemented by 2025. According to the press release, job reductions will primarily be absorbed through staff turnover and regular and early retirements. "Nevertheless, redundancies are unavoidable."

The aim of the SRF 4.0 project is to stabilize SRF's staffing and financial framework and to continue to ensure a balanced budget from 2025, SRF continued.

The measures announced on Monday have nothing to do with the political processes - such as the planned reduction in the Serafe fee. Any savings that may become necessary as a result would be worked out in a separate project.

SRF 4.0" also includes the further digital transformation of the company. Various scenarios for SRF's offering and future organization should be available by the end of the year. "Despite the uncertain initial situation, it is important that we continue to develop consistently and thus remain a media company for everyone in German-speaking Switzerland in the future," said Director of Television Nathalie Wappler in the press release.

The media union SSM criticized the procedure and called for a consultation process in its written statement. A new round of job cuts was not acceptable for the staff and maintaining quality was not feasible. This new transformation should not be carried out on the shoulders of the SRF workforce, it said.

©Keystone/SDA

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