O&M axes jobs after Ford loss

Nearly 30 jobs have been lost in the advertising industry this week with Ogilvy & Mather and Grey both announcing redundancies.

Nearly 30 jobs have been lost in the advertising industry this week

with Ogilvy & Mather and Grey both announcing redundancies.



O&M has made 20 staff redundant across the agency but predominantly from

the pounds 25m Ford account, of which it lost the bulk to Young &

Rubicam in July.



Among those affected are the creative director on the Ford account,

Malcom Gaskin, who was taken on by the agency just two months ago.



Some of the staff have been offered roles within the WPP Group.



’Ford was the catalyst, but we are in the process of restructuring the

agency as a result of the predicted recession,’ said Tom Bury, O&M chief

executive. ’We have undertaken a major social forecasting project

internally on the impact of the economic downturn. It is disappointing

to have to take this kind of action, but thankfully, recent new business

wins such as Thorn and Eurotunnel allowed us to keep the number of

redundancies to a minimum.’



Details of the restructure, which aims to deliver greater efficiencies

both internally and for clients, will be announced next week. However,

Bury states that there will be no further redundancies.



Meanwhile, Grey has made seven staff redundant as a result of the merger

with Mellors Reay, announced last week. Paul Smith, Grey’s executive

director for the past four years, was one casualty of the merger.



TBWA GGT Simons Palmer also lost ten staff last month after a

three-month business review.



Topics