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Nielsen to cut 1,600 jobs

By Jack Jeff, AdAge.com

Market research powerhouse Nielsen Co. has taken a restructuring charge to cover a headcount reduction of 1,600 in 2009, or less than 5% of its work force, company officials disclosed in a conference call with investors and analysts last week.

Chief Financial Officer Brian West declined on the call March 27 to detail the timing or precise areas of the reductions, which are in addition to the 4,100 announced shortly after the company, formerly known as VNU, was taken private in 2006. (continues@crainsnewyork.com)

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