Personnel
full-time equivalents

Changes infull-time equivalents (FTEs)

Average FTEs decreased by 394 on the previous year.

The large reduction in the Goldbach segment was driven by the sale of companies (dreifive Group, Goldbach Austria), the reintegration of the marketing of advertising inventory at Tamedia and 20 Minuten and reduced complexity.

In the 20 Minuten segment the decline was due to both restructuring measures and the sale of DJ Digitale Medien AG (the online portal heute.at).

In the Group & Ventures segment a major driver of the reduction in FTEs was the transfer of TX Services staff in Belgrade to SMG.

Changes in average FTEs (organic vs. inorganic)

The inorganic decline is due to the sale of dreifive Group, Goldbach Austria and DJ Digitale Medien AG (the online portal heute.at) in the previous year.

The remaining reductions in FTEs were the result of company restructuring measures.