WPP PR Revenues Down 8.2%
Holding company WPP Group reported interim results for the first half of 2009 yesterday. Like for like revenues in the Public Relations & Public Affairs division dropped 8.2%. Consumer insight saw the highest like for like revenue drop at 10.3%. Overall, profit dropped more than 48%.
Layoffs are on the way. The holding company shed 2.8 percent of its staff in the first half of 2009 and plans to shed 7,000 more jobs by end of year.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in