Sorrell said, “In the first half of the year I think we were staring into the abyss. In the second half we certainly saw things becoming less worse.”
Sorrell said the company, which put in a hiring freeze last year as part of a cost-cutting exercise, was now hiring again.
The global holding company, which described 2009 recently as a “brutal year,” saved an estimated £50 million after becoming a tax non-domicile in UK and moving its official headquarters to Ireland in 2008.
Asia should provide a reason for cheer for the global holding company, which recently retained Unilever, its largest media AOR in India, after a long drawn out pitch.