Admin l Tuesday, February 28, 2023
BERLIN – The Axel Springer media group is cutting jobs at its Bild and Welt brands, two of its best known news titles in Germany.
“There will be significant job reductions in the areas of production, layout, proofreading and administration,” boss Mathias Döpfner announced on Tuesday in a letter to employees, which was obtained by dpa.
The Springer boss said the group would “build up and cut jobs at the same time. We are trying to avoid compulsory redundancies.”
No concrete figures were given in the letter, which went on to say that the group’s results in Germany “must improve by around €100 million ($106 million) in the next three years. Through increases in turnover, but also through cost reductions.”
Regarding the future focus of the brands, Döpfner emphasized the need for Bild and Welt to develop their “well-paid and sustainable digital subscriptions.”
The job cuts had been flagged up long before, with the group beginning a review into its structures in the autumn. Döpfner had previously explained in a dpa interview that the group would be cutting jobs at the two brands.
The group currently employs around 18,000 people worldwide, including 3,400 journalists, an increasing number of whom are based in the US.