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.
Sources:
19-09-2003Les Echos
19-09-2003The Guardian
13-11-2003The Guardian
18-09-2003The Guardian
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