Meaning of “restructure” in the English Dictionary

"restructure" in British English

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restructureverb [ T ]

uk /ˌriːˈstrʌk.tʃər/ us /ˌriːˈstrʌk.tʃɚ/
restructuring
noun [ C or U ] uk /ˌriːˈstrʌk.tʃər.ɪŋ/ us /ˌriːˈstrʌk.tʃɚ.ɪŋ/

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

(Definition of “restructure” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"restructure" in American English

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restructureverb [ T ]

us /riˈstrʌk·tʃər/

to change the jobs and responsibilities within an organization, usually in order to make the organization operate more effectively:

The commission developed guidelines for restructuring the city’s police department.

(Definition of “restructure” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"restructure" in Business English

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restructureverb

uk /ˌriːˈstrʌktʃər/ us

[ 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)