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More than 100 jobs at risk at the NEC Group

A SLUMP in revenue from exhibitions following the economic downturn has put more than 100 jobs in the NEC Group at risk.

A SLUMP in revenue from exhibitions following the economic downturn has put more than 100 jobs in the NEC Group at risk.

The company warned the short-term outlook for the exhibitions and conference business was ”poor” but added there were many opportunities to develop its businesses once the economy recovered.

In a statement issued on Monday, group chief executive Paul Thandi said: “We have seen a significant drop in revenues in some areas of our business, particularly exhibitions.”

He added that cost-reducing measures were under consideration.

“The proposals are subject to formal collective consultation, however they are significant and the number of job losses could exceed 100.”

Full details of the proposed organ-isational changes will be announced to employees on April 16, when a 90-day consultation period begins.

 

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