Dec
18
Chrysler Drops Lump Of Coal In Omnicom’s Stocking
Posted in: UncategorizedChrysler is closing shop for 30 days. Shutting down production. Making no cars.
From a Mad Man’s perspective, it’s horrible time to be on the Chrysler account.
Ad Age Exhibit A: A Chrysler Bankruptcy Could Leave Omnicom Out $80M
Ad Age Exhibit B: Omnicom Set to Cut Up to 3,500 Jobs
Should Chrysler fail to make good on their debts, PHD, Chrysler’s media agency, would be in the worst position. Omnicom siblings BBDO, Cutwater and Organic are the automaker’s other agency partners.
Last month BBDO slashed 22% of its staff in Detroit as Chrysler indicated it plans to reduce its marketing activity.
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