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Companies looking to restructure or consolidate operations during the economic downturn need to ensure they are properly managing risks associated with health and safety, warns Norton Rose’s head of environment, planning and health and safety, Caroline May.

Speaking in the eighth episode of Legal Week Crisis Management Q&A in association with Norton Rose, May says that with job losses increasing and more and more companies looking to consolidate, efforts need to be made to ensure that workforces understand health and safety obligations and control them.

Companies also need to look at the potential risks within their asset portfolios when they consolidate to find out where they may be exposed to latent pollution risks, which can also be a potential threat to lenders and financiers.

The credit crisis is also causing problems for developers who are managing land holdings which have been granted planning permission but where market conditions mean there is currently no incentive to build.

Watch the video here.

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