Dentsu Aegis Network restructures finance department
The Australian operations of the Dentsu Aegis Network, which boasts media, creative and digital agencies in Australia including Carat, Mitchells, Oddfellows and Isobar, is to restructure its finance department the company has confirmed today.
It is understood the changes will be centred on the finance team, which consists of around 60 people, and come as part of a global efficiency review, which will be completed by the end of quarter one of 2015.
“Dentsu Aegis Network is currently undertaking a global review of our financial operations, including in Australia,” said Kym Pfitzner, COO, Dentsu Aegis Network in a statement.
“Our global vision is to ensure we have a commercially and strategically focused finance team in all markets, able to support our company’s ability to be agile and to deliver to both local and global clients.”
At this stage it is unknown if there will be any redundancies but the company said it would seek to place employee within roles within the new finance team or within agencies with the group.
“As a result of the review, there will be some changes made to improve our financial operations in Australia. These will be implemented with appropriate consultation with staff, clients and suppliers. No changes will be effective until 2015.
“The outcome of this review will be a commercially and strategically focused finance team, providing true business partnership for our clients, suppliers and as a support for our agency businesses.”
Japanese advertising giant Dentsu completed its acquisition of media group Aegis Media in early 2013.
Nic Christensen
Exciting news
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Not that exciting for June in accounts who just received a gold watch for twenty years service, has sacrificed a career by only learning Mitchells and Aegis systems and from March will be replaced by a guy in Mumbai on $4 an hour at Dentsu Aegis HQ.
I seem to recall a speech by Luke Littlefield when Aegis was sold to Dentsu saying that this would never happen.
[Edited under Mumbrella’s content moderation policy]
My money is on Isobar creative and production staff getting the bullet next. There is already a centralised Indian operation here and if Aegis follow the same pattern – creative has got to be a long hanging apple.
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why is this news?
all the groups are consolidating / cutting / offshoring back office functions.
have been for about 5+ years now
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