(May 8, 2001) -- FCB Worldwide's Chicago office today is eliminating jobs for 5% of its 725 employees, citing the economic slowdown and a low attrition rate. At least 39 people will leave the True North Communications agency. A spokeswoman said the unit's attrition rate is half what it was at this time last year. The move comes amid cuts at True North's other units, most recently FCB's San Francisco office, and as the company finalizes acquisition plans with Interpublic Group of Cos. -- Kate MacArthur
Copyright May 2001, Crain Communications Inc.