PR agency Kreab closes Australian office with 14 job losses

January 9, 2017 5:08

A PR agency which was once among Australia’s top communications operations has finally closed its doors four years after most of its senior staff walked out to start a competitor.

PR and communications company Kreab closed its Australian operation on December 23, terminating its 14 remaining staff, Mumbrella can reveal.

The agency shut up shop just one day after an ad appeared in the Australian Financial Review from administrator PKF seeking to sell the company and its client lists.

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Abigail Dawson

Abigail Dawson was Mumbrella's senior content journalist covering event content. She left Mumbrella to move into an agency role in 2020.

Topics

Kreab Kreab Gavin Anderson Newgate PR public relations

2 COMMENTS

Scott Pettet 9 Jan 17

$4M turnover with 14 staff… yeah, right

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EMMANUEL KNUT 2 Apr 19

yeah that’s exactly right, Scott…these businesses have margins anywhere from 25% to 45% with hourly fees ranging up to $600 p.h….and they are far more efficient than advertising agencies, which are anachronistic by comparison in terms of stuffing clients with juniors, insisting on multiple specialists when a generalist would be adequate in many situations…

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