WPP, the world’s largest agency network, said it will discontinue working in Russia following the invasion of Ukraine, affecting nearly 1,400 employees.
The company, which employs 200 people in Ukraine, has released a statement thanking its Russian staff while informing them of the withdrawal.
“We deeply regret the impact of this decision on our Russian colleagues. We will provide support to them and work closely with our clients and partners as we discontinue our activities in the country,” the statement added.
WPP agencies such as GroupM, Wunderman Thompson and VMLY&R have offices operating in Russia, which accounted for 0.6% of global net sales last year. Each based in Moscow, WPP’s agencies in Russia worked with clients such as Bayer, Mazda, Nestlé, Froneri and Home Credit Bank.
WPP added that the company has been in constant contact with its leadership in Ukraine, aiming to provide financial and practical assistance for them, and said it has partnered with UNHCR, the UN Refugee Agency, to help run an emergency fundraising appeal for those forced to flee their homes to neighboring countries. It will also match donations made by WPP employees, the statement said.
In 2014, WPP took a majority stake of 80% in the WVI Group of companies to create a joint venture to allow its GroupM agencies to operate in the country as well as Wunderman Thompson (then JWT), which opened in the country in 1994. It was then followed by Actis Wunderman three years later before the two agency brands merged globally in 2019.
The move comes within 24 hours of Accenture announcing that it too would pull out of Russia following the invasion. The company employs 2,300 staff members there, including within its marketing services arm, Accenture Interactive.
Writing on LinkedIn on Feb. 29 prior to the announcement, Accenture chair and chief executive Julie Sweet commented: “The images and voices from Ukraine are tragic. Accenture is committed to supporting humanitarian aid to address the crisis and we stand with all in the global community who are calling for peace.”
