HOTLINE: Lowe makes staff redundant

Lowe has made 23 of its staff redundant in the wake of its decision to resign the £43 million Orange account. The redundancies, representing 7 per cent of the agency's workforce, are spread across a number of departments including creative, account handling and support services. Chris Thomas, the Lowe chief executive, said: "We have had to face up to the harsh realities everybody is facing.".