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English definition of “restructure”

restructure

verb
 
 
/ˌriːˈstrʌktʃər/
[I or T] MANAGEMENT, WORKPLACE to organize a company, business, or system in a new way to make it operate more effectively: The price has gone up and down amid talk of restructuring the company. Retirees have had to accept drastically reduced retirement and health benefits as the industry has restructured. The company may also have to restructure the way it processes transactions.
[T] FINANCE if a company restructures its debt, it arranges to pay back its debt in a different way or at a later time than was originally agreed: The merger will provide a means of restructuring the company's debt. Talks continue about restructuring a £220 million bond, which is due to be repaid in January.
(Definition of restructure from the Cambridge Business English Dictionary © Cambridge University Press)
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