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B&T > Advertising > M&C retrenches 16 staff
Advertising

M&C retrenches 16 staff

Staff Writers
Published on: 22nd March 2013 at 9:33 AM
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M&C Saatchi has retrenched 16 staff, M&C worldwide chairman Tom Dery has confirmed.

B&T understands the redundancies are from within the M&C Saatchi and Make groups within the company and do not relate to changes on M&C’s large accounts.

Dery released a statement yesterday saying: "We confirm 16 retrenchments across two businesses out of a total Sydney staff of 340. Some of that number took voluntary packages. It's never nice to see people go but given the enormous pressure on margins that exist this is in line with sensible business practice."

M&C Saatchi lost the Eftpos business in February after two years on the account, although it is not believed the number of full-time workers dedicated to that account would make up a large proportion of the redundancies.  

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Staff Writers represent B&T's team of award-winning reporters. Here, you'll find articles crafted with industry experience spanning over 50 years. Our team of specialists brings together a wealth of knowledge and a commitment to delivering insightful, topical, and breaking news. With a deep understanding of advertising and media, our Staff Writers are dedicated to providing industry-leading analysis and reporting, both shaping the conversation and setting the benchmark for excellence.

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