DAN To Cut Thousands Of Salaries By 10 Per Cent

DAN To Cut Thousands Of Salaries By 10 Per Cent
SHARE
THIS



Japanese holding group Dentsu Aegis Network (DAN) has flagged pay cuts for thousands of its employees across its fleet of agencies including Carat, Merkle and more.

Employees across the network can expect to have their pay slashed by 10 per cent, with higher cuts in place for senior managers.

A DAN spokesperson said: “As a result of COVID-19 business impacts, we are activating a set of cost saving measures across the company to ensure business continuity and to safeguard our people’s livelihoods around the world.

“We consider our people to be our greatest strength and are doing everything we can to ensure we have a healthy and sustainable business for them and our clients, after this crisis passes.”

Meanwhile, other agencies have also announced pay cuts for its staff in an attempt to curb the economic downfall of COVID-19.

As reported on B&T yesterday, Publicis Groupe is set to slash the salary of global chairman and CEO Arthur Sadoun (pictured) by 30 per cent amid a $850 million cost-cutting plan in response to the growing coronavirus crisis.

Executive chairman of the supervisory board Maurice Levy will also have his salary cut by 30 per cent, while management board members will lose 20 per cent of their pay.

The pay cuts are part of a €500 million (AU$854m) cost reduction plan as the holding group and its agencies deal with the economic blow of the novel coronavirus.

 

Please login with linkedin to comment

dan Dentsu Aegis Network

Latest News

KWP! Launches Brand Identity For Adelaide’s Winter Festival, Illuminate
  • Marketing

KWP! Launches Brand Identity For Adelaide’s Winter Festival, Illuminate

The brand identity and website created by customer experience agency, KWP!, in collaboration with South Australia’s new annual winter event, Illuminate Adelaide, went live on Thursday as part of the launch of the event’s program highlights. The work is the result of months of close collaboration with Illuminate Adelaide Co-Founders and Creative Directors Rachael Azzopardi […]

Optus Launches Program Allowing Customers To Pause Notifications Across All Devices
  • Marketing
  • Technology

Optus Launches Program Allowing Customers To Pause Notifications Across All Devices

Optus has introduced an australia-first innovation ‘optus pause’, giving customers the ability to pause notifications and connectivity distractions. Whether it’s study time, bed time, dinner time or personal time, Optus Pause means users can temporarily pause connectivity on all, or some, of their Optus home and Optus mobile devices simultaneously. Optus Pause is free and […]

Logitech Strategic Workshop Spotlights Expert Digital Direction From Webprofits
  • Marketing

Logitech Strategic Workshop Spotlights Expert Digital Direction From Webprofits

Webprofits was recently invited to join Australia and New Zealand (ANZ) sales and marketing teams at their annual Logitech ANZ S+M Conference. The conference was an opportunity for the digital marketing experts at Webprofits to share the approach they have taken driving growth for Logitech in Australia. “Having Webprofits take our team through a custom […]

Pizza Hut Hong Kong And Restaurant Yung Kee Release Elaborately Named Goose Pizza, Via Ogilvy
  • Campaigns
  • Marketing

Pizza Hut Hong Kong And Restaurant Yung Kee Release Elaborately Named Goose Pizza, Via Ogilvy

Pizza Hut has worked with Hong Kong restaurant Yung Kee to launch the ‘Pizza Hut x Yung Kee’s Superior Exquisitely Handcrafted Victorious Best of the Best Flawlessly Exclusive Special Charcoal Roasted Flying Goose Pizza’. The pizza was inspired by the creative custom of Hong Kong restaurants who are known to come up with over-the-top elaborate […]