This report discusses the identification and management of the socioeconomic consequences of final shutdown and decommissioning of a nuclear facility, as they may affect the facility workforce and the local and wider communities. Factors that affect the severity of the impact are described in terms of influences such as facility type, location and the circumstances leading to final shutdown. An approach to managing and investigating these consequences is presented. The importance of planning, communications, consultation and investment are emphasized. Responsibilities for staff usually lie with the facility management and responsibilities for the community with government organizations; however, effective teamwork between them is vital. International experience is presented to illustrate the advice offered.