English · Work & Business
restructuring
/ˌriːˈstrʌk.tʃər.ɪŋ/
[/ˌriːˈstrʌk.tʃər.ɪŋ/]
reorganizing a company
Advancednoun
Definition
The act of organizing a company in a new way, often to make it more efficient or to reduce debt.
Example
The restructuring of the business led to several departments being merged and some jobs being cut.
The restructuring of the business led to several departments being merged and some jobs being cut.
Etymology
From 're-' (again) plus 'structure' (Latin 'structura', a building) plus '-ing'.
How & Where It’s Used
Used in corporate management and finance.