restructuring

3 definitions • 6 examples

the act of organizing a company, business, or system in a new way to make it operate more effectively:

The company underwent restructuring and 1,500 workers lost their jobs.

She announced a restructuring of management last week.

the act of organizing a company, business, or system in a new way to make it operate more effectively:

a major/radical restructuring

corporate/industrial/organizational restructuring

the act of arranging to make debt payments in a different way or at a later time than was originally agreed:

Bankruptcy beckons if the company fails to agree a restructuring of its debts.

Thanks to a financial restructuring and new management, it has returned to profit.