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It plans a restructuring which will cost £55m but save £50m a year.
And finally, there is economic restructuring, which involves strengthening existing small businesses while recruiting new ones.
And that in turn raises the issue of a possible future debt restructuring, which is making investors nervous.
"But we prefer a restructuring which is not necessarily the complete restructuring asked for by Mr Weston".
The least costly outcome now looks like an orderly debt restructuring, which might mean higher borrowing costs for other countries.
A voluntary restructuring, which delayed billions of dollars of payments for several years, was done last month.
It also announced a business restructuring which Fairfax called "the most significant editorial transformation" in the company's history.
The commission recommended a wholesale restructuring, which led the department to draft top-line investigators and supervisors into the unit.
"The restructuring, which focuses primarily on reorganizing our sales, partnerships and marketing efforts, is intended to create greater efficiency".
They ignored warnings of likely contagion in early 2010, at a time when they should have moved fast to negotiate a debt restructuring, which wasn't achieved until 2012.
In 2005 the group decided to focus on mining, and embarked on an ambitious restructuring, which was well under way by the time Mrs Carroll took the reins.
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CEO of Professional Science Editing for Scientists @ prosciediting.com