reorganization Meaning in the Cambridge English Dictionary
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Meaning of “reorganization” in the English Dictionary

"reorganization" in Business English

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reorganizationnoun [C or U]

( UK also reorganisation) uk   /riːˌɔːɡənaɪˈzeɪʃən/  us   /riːˌɔrɡənəˈzeɪʃən/
HR, MANAGEMENT, WORKPLACE a ​change in the way that something such as a ​company is ​organized, in ​order to ​improve it: corporate reorganization broad/​major/​massive reorganization a radical/​sweeping reorganizationannounce a reorganization The ​company may announce a reorganization of ​management before the end of this ​year.
LAW, FINANCE, WORKPLACE in the US, a ​change in the way a ​company and its ​finances are ​organized after it has gone ​bankrupt: reorganization ​costs a plan of reorganization/reorganization ​plan The New York-based ​investmentfirm was a ​member of the company's ​creditorscommittee during its recent bankruptcy reorganization.
(Definition of reorganization from the Cambridge Business English Dictionary © Cambridge University Press)
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