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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 verb from the Cambridge Business English Dictionary © Cambridge University Press)
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