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Cordiant Revenues Slip, Layoffs Planned

NEW YORK—Cordiant Communications Group said last week that revenues for 2001 will dip 9 percent, revising its September estimate of 5 percent. As a result, the London-based parent of Bates, 141 Worldwide and Fitch, among other agencies, said it plans to reduce its global workforce of 10,000 by 1,100, or 11 percent.

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