"Haaretz" to lay off 5% of workforce

25 employees will be fired and cutbacks include reducing the size of the English language edition of the newspaper.

"Haaretz" and its financial daily The Marker are set to fire 5% of its workforce while the number of pages in the newspaper's English language print edition will also be reduced. At a meeting with the newspaper's CEO, the workers committee was told about plans to lay off 25 employees, half of them from "Haaretz" itself and half from "The Marker."

the latest round of cut backs comes just one year after the previous wave of layoffs which saw 100 people leave the newspaper.

In light of the latest developments, the Israel Journalists Association, which strenuously opposes the cuts, has called a meeting at "Haaretz" for Sunday to decide on future actions. The employees insist that the situation is not as critical as it was last year and that there has been an improvement in the company's performance that does not require further cutbacks.

The "Haaretz" Journalists' Committee said, "We believe that there are alternatives to cuts, and we completely reject the cutbacks."

"Haaretz" management declined to comment on the report.

Published by Globes [online], Israel business news - www.globes-online.com - on December 5, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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