Aegis axes media jobs as profits soar

Aegis, the company that last week announced record revenues and profits, is cutting jobs across its international media teams.

The media group is making ten people redundant from its Vizeum International and Aegis Media international headquarters, including the Vizeum worldwide marketing director, Mark Robinson. However, it claimed it is investing heavily in its Isobar digital unit.

Jerry Buhlmann, Aegis Media's chief executive for Europe, the Middle East and Africa, said that the majority of the redundancies would be voluntary and that none of the departing staff were in client-facing roles.

Isobar, the digital unit of Aegis that owns agencies including glue London and the Australian business OneDigital, will hire 20 people. This will result in a net increase of ten staff across Aegis' inter-national operations.

Buhlmann said: "We are refocusing resource in all the things that we do. It makes sense to make an investment in such a fast-growing business as Isobar."

Last week, Aegis announced record profits for 2005 of £94 million, up 2.3 per cent on the previous year.