ZURICH (Reuters) -Switzerland's public broadcaster SRG is set to cut 900 of its 5,700 full-time positions by 2029, the company said on Monday, amid a squeeze on the body's funding. The layoffs come as
Swiss Broadcaster SRG Announces 900 Job Cuts by 2029
ZURICH (Reuters) -Switzerland's public broadcaster SRG is set to cut 900 of its 5,700 full-time positions by 2029, the company said on Monday, amid a squeeze on the body's funding.
The layoffs come as the government imposes budget cuts on the organisation following a decision by the Swiss cabinet to reduce the national media levy, the broadcaster said.
"SRG is pooling its resources, becoming more digital, leaner, and more agile, and will be working more closely across regions in the future," the broadcaster said in a statement.
Under the cuts, SRG must save around 270 million Swiss francs ($334.45 million) by 2029, a sum equivalent to about 17% of its budget last year, the broadcaster said.
($1 = 0.8073 Swiss francs)
(Reporting by Ariane LuthiEditing by Dave Graham)
