EMCC European Monitoring Centre on Change

Havas

Company/Organisation:
Havas

Geographic Location

Country: World

Company

Sector: Professional services
Scientific research and development
73.1 - Advertising
Number Employed: 17800
Group: Havas

Employment Effects

Announcement Date: 18-09-2003
Planned Job Reductions min: 1600
Planned Job Reductions max: 1600
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2003
Foreseen End Date: 01-12-2003

Additional Information

Havas is the world's sixth largest advertising and marketing group. Following bad financial results, it announced a strategic reorganisation aimed at simplifying its structure and producing savings. 750 jobs had already been cut in the first semester of this year. 850 more redundancies will take place before the end of the year, bringing the total job losses to 1,600, 9% of Havas's workforce worldwide.