Havas

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Professional Services
73 - Activities of advertising, market research and public relations
73.1 - Advertising
73.1 - Advertising
1,600 jobs
Number of planned job losses
Job loss
Announcement Date
18 September 2003
Employment effect (start)
1 January 2003
Foreseen end date
1 December 2003

Description

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 September 2003: Les Echos
  • 19 September 2003: The Guardian
  • 13 November 2003: The Guardian
  • 18 September 2003: The Guardian

Citation

Eurofound (2003), Havas, Internal restructuring in World, factsheet number 60159, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60159.