Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Up to 120 jobs could be lost at a Kent magazine publisher after it announced plans to sell off or close five of its 18 publications.
Nexus Media Communications, based in Swanley, employs 230 staff but is only planning to retain 110. Chief executive Neil Thackeray said he hoped many would be able to keep working for its publications or find other work within the company. He said everything was being done to minimise the number of redundancies. Mr Thackeray said that a period of consultation, which could take up to 30 days, was currently being undertaken with employees.
'During that time we will be dealing with all sorts of issues, like how we can find alternative employment for people, if they are going to transfer to other employers, and how that works and how we can protect their interests,' he said.
Eurofound (2006), Nexus Media Communications, Internal restructuring in United Kingdom, factsheet number 64321, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64321.