Omnicom and Interpublic to cut thousands of jobs
Omnicom Group and Interpublic Group, two of the world's largest advertising companies, are cutting thousands of jobs in the face of an advertising downturn that is shaping up as the worst since 2000.
As many as 10,500 Opel jobs in Europe could be cut, including nearly half of them in Germany, the co-chief executive of Magna International Inc. said Monday- a move likely to draw strident criticism in countries where the automaker has operations.