NielsenRevealedNielsenRevealedhttp://www.behindthebuyouts.org/nielsenrevealed/2007-12-19T01:49:50ZSquarespaceVNU NV (Nielsen): Debt and layoffshttp://www.behindthebuyouts.org/nielsenrevealed/2007/12/19/vnu-nv-nielsen-debt-and-layoffs.htmlBehind the Buyouts WebMaster2007-12-19T01:49:01Z2007-12-19T01:49:01ZAfter KKR and the buyout kings bought Nielsen’s, they launched a “restructuring” plan to reduce costs by 10%.  The plan included layoffs of 4,000 of their 41,000 employees, but without information of where the layoffs would take place. [1] As part of acquisition, the company’s US defined benefit plan accruals were frozen. [2]

[1] “VNU cuts 4,000 employees after buyout.” Marketing News, January 15, 2007; Edgecliffe-Johnson, Andrew, “VNU to shed 4,000 jobs in restructuring.” Financial Times, December 19, 2006.

[2] The Nielsen Company Annual Report for the Successor period from May 24 to December 31, 2006, the Predecessor period from January 1 to May 23, 2006, and the years ended 2005 and 2004.

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