A week ago he said wow!
A Barangay source familiar with the details of the negotiations with the Workers' Committee said that the newspaper emphasized from the beginning of the negotiations that the newspaper's weekly supplement G generates losses every month
The Globes crisis is on the way to a solution: an agreement in principle between the newspaper's management and the journalists' organization was signed in the last few days - this is what Wala learned!
Barangay.
The agreement includes a series of understandings and agreements on the number of those dismissed from the ranks of the system.
The organization and the newspaper agreed that the number of layoffs in the system will drop to only 7 employees (not including staff members).
As I recall, in the newspaper they expressed a desire to say goodbye to double the number of employees.
In addition, the organization managed to obtain increased compensation of another month's salary for long-time employees and immunity from further dismissal of employees for six months with an option to extend it by another 3 months.
However, it is now estimated that the laid-off mix will include a larger number of employees who are not journalists from the various departments of the newspaper, or journalists who are not members of the collective agreement, who are defined as management members, for example.
According to estimates, a significant part of those laid off will come from the ranks of the old G weekend supplement, in which the proportion of old workers - whose wages are higher - is proportionally larger.
A week ago he said wow!
A Barangay source familiar with the details of the negotiations with the workers' committee said that the newspaper emphasized from the beginning of the negotiations that the newspaper's weekly supplement G generates losses every month.
As I remember, only 3 years ago the newspaper chose to invest strategically in what they called at the time "the new weekend package".
On the other hand, according to the source, the management claims that the new culture supplement launched this year is profitable, and "brings advertisers who were not in the newspaper before".
Quiet wave of abandonment
The seven dismissed do not stand alone.
In the last year, the newspaper also "suffered" from a wave of quiet abandonment and a much higher employee turnover than is customary in the industry
Even under the relatively low number in the end, this is actually the most significant cut since the newspaper passed to the new owners.
As I recall, with its purchase, dozens of veteran journalists ended their work at the newspaper, this as part of a business model in which the last step was the establishment of a pay wall for subscribers - a move that is still unclear as to how successful it was, if at all.
As a reminder, the seven fired people do not stand alone.
In the past year, the newspaper also "suffered" from a wave of quiet abandonment and a much higher employee turnover than is customary in the industry, when many reporters and editors left the system, and their positions were not filled again.
Only in the last few days, the head of the news department, Galit Porat, finished her work only one year after she arrived at the newspaper.
Financial consumer reporter Eti Afalo also chose to leave the newspaper less than a year after joining it.
Both came to Globes after many years at Calcalist.
They are joined by a long list of other deserters in recent months, including the advertising reporter, the aviation and tourism reporter, the macro reporter and others.
Additional G cover of the Globes (photo: screenshot, screenshot)
A sharp drop in advertising revenue
The newspaper blames the wave of layoffs on a sharp drop in advertising revenue as well as a drop in revenue from marketing content and conferences - a branch that was previously considered significant in the newspaper, and in which quite a few budgets and personnel were invested.
According to the source privy to the details, the management also intends to raise the prices for appointments in the future.
According to the source, the intent of the "efficiency plan" is to unify the print and digital systems, a move that is unclear as to its nature and scope, since in practice, both systems already operate almost entirely under a common content headquarters.
In recent weeks, Globes publisher Alona Bar-on sent a letter to the employees, in which she announced the plan for the cuts, along with praise for the newspaper's actions in recent years.
The transfer of distribution to the morning, the closing of the printing house, the launch of the paywall, and dozens (!) of other complex administrative moves, led to a sharp improvement in the business situation of Globes, and to the growth of tens of thousands of paying digital subscriptions that read our content."
However, it should be noted that in the TGI survey The latter, which measures the extent of exposure to the written press, Globes reached the lowest figure for an economic newspaper in Israel.
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