Last year’s operating result is a solid decline from NOK 75.7 million in 2022.
– The trend from 2023 has unfortunately continued into 2024. The macroeconomic trends are fixed, with high prices and a low krone exchange rate, and wholesale and advertising revenues are lower than we had hoped for. The savings plan last year was unfortunately not enough, says managing director of the media section of Story House Egmont, Per Kjellander.
The employees of Story House Egmont in Norway were informed of the downsizing on Thursday.
Now the media house is changing direction.
– The strategy of growth through new ventures is being replaced with a focus on the core business, which is quality content for print and digital platforms, he says.
There will be an open offer of severance packages and gift pension. The downsizing will affect, among other things, the editorial environment in addition to sales, IT, technology and finance.
Kjellander hopes that they will get through the downsizing with the greatest possible degree of volunteerism.
– That is why we have adjusted the termination packages so that those of our talented employees who choose to accept get the best possible start to a new chapter in their working life. In addition, we offer contributions to further education or career guidance, says Kjellander.
Story House Egmont publishes the weekly magazines Kamille, Bonytt, Hjemmet, Norsk Ukeblad and Her og Nå.
(© NTB)
