Sorrell stirs up job fears in TNS deal

From: The Sunday Telegraph London | Date: May 11, 2008| Author: | Copyright information

TAYLOR Nelson Sofres (TNS), the British market research group, is facing a hurdle in its efforts to merge with German rival GfK because of political concerns about prospective job losses at the combined group.

Klaus Wubbenhorst, the chief executive of GfK, wrote to employees last week to allay fears about redundancies if the nil-premium deal goes ahead. While he pledged that the enlarged GfK-TNS would expand its overall number of staff, he failed to deliver concrete reassurances that jobs would not be cut in Nuremberg, where GfK is headquartered. People close to the merger talks said this ...

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