- The TX Group has announced the elimination of around 200 full-time jobs in the printing plants of its subsidiary Tamedia.
- The company also announced that 90 jobs in the editorial departments would be affected.
- The reduction is subject to a consultation process, as the TX Group writes in its media release on the half-year financial statements.
- Social plans would be implemented, including the possibility of early retirement.
It is no longer possible for Tamedia to operate three printing companies profitably. Printing plants are therefore to be closed down gradually: The printing center in Bussigny (VD) is expected to close at the end of March 2025. The printing plant in Zurich at the end of 2026. This means that printing will be concentrated in the center in Bern.
Limit digital offering to four brands
The media company also wants to focus on four brands for its digital offering: “Tages-Anzeiger”, “Berner Zeitung”, “Basler Zeitung” and, in western Switzerland, “24 Heures”. The portfolio of printed newspapers will continue to exist.
In addition, Tamedia wants to organize advertising marketing internally from the beginning of 2025. The relevant teams from the media marketing company Goldbach are to be integrated. Goldbach supports this development. The TX Group promised a more detailed announcement from Tamedia at a later date.
Stable total sales
TX Group’s total revenue remained stable in the first half of 2024. The digital platforms had a positive impact, according to the statement. However, falling advertising revenues at Tamedia and “20 Minuten” as well as the declining print business caused problems.
The reported turnover of the TX Group amounted to 461 million francs in the first half of 2024. In the previous year it had amounted to 460.5 million francs. It remained stable thanks to the inorganic growth of Goldbach Neo in outdoor advertising.
Organically, however, sales fell by 6.3 percent compared to the same period last year. However, lower organic personnel costs and lower costs for materials – such as paper – and services compensated for the declining sales.
