restructuring

/ˌriːˈstrʌktʃərɪŋ/ noun [C or U]

Definition

› MANAGEMENT, WORKPLACE 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

› FINANCE 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.

→ See also debt restructuring

(Definition of restructuring noun from the Cambridge Business English Dictionary © Cambridge University Press)