FTE by segment

The Goldbach segment is showing a growth in personnel. This was largely driven by the acquisition of Clear Channel Schweiz and AdUnit. FTE levels at Tamedia grew as a result of IT being brought in house (i.e. moved from the Group to Tamedia) and the acquisition of Berner Oberland Medien. In organic terms, Tamedia reduced its headcount in the area of paid media and publishing services and at the print centre. TX Markets and TX Ventures saw organic growth. FTE levels in the 20 Minuten segment decreased as a result of restructuring. FTE levels across the Group are down on the previous year. This is due to IT being brought directly in house at Tamedia, as well as a reduction in personnel in the Corporate Services area. By contrast, FTE levels at TX Services are on the up.