Publicis London review could lead to redundancies

Publicis is reviewing the London agency as its starts a consultation with the staff that could lead to redundancies. It is expected to lead to at least ten redundancies.

The senior managers are meeting with Publicis Groupe worldwide chief executive Richard Pinder next week to discuss the situation. Pinder says there maybe redundancies but adds that some of the jobs may be relocated abroad.

Pinder says that the review is the result of the agency retaining the HP below-the-line account and says this meant there had to be a “new model”. Pinder adds: “There is a review of staffing. It’s a reassignment based on a win, not based on a loss.”

The Publicis network lost the advertising for the computer giant in January 2006 after 12 years but last week retained the £100m below the line business for Europe and the Middle East after a six-way pitch (MW.co.uk May 8).

Pinder says: “We know that retaining the account required a re-jigging of the model. There is a whole new contract with a whole new set of deliverables. I am going to champion it, I am going to push it.”

Publicis suffered a series of losses last year including Asda, MFI and The Post Office, which was a third of its billing. It led to the departure of then chief executive Grant Duncan and UK chairman Tim Lindsay. It later appointed former Vodafone marketer Neil Simpson as chief executive.

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here