QandAs: Business

What is Restructuring?

Answer:
Restructuring usually refers to “corporate

restructuring” – the reorganization of a company to improve its profitability. Restructuring may occur because of company buy-outs, bankruptcy, or corporate acquisitions.

Corporate restructuring responsibilities typically belong to the company CEO. In fact, companies will often hire a new CEO to specifically handle the restructuring process. The responsibilities of the CEO may include debt restructuring, implementing new technology, or rebuilding a particular area within an organization. Unfortunately, for many company employees, corporate restructuring can also mean possible layoffs, especially if one of the changes includes downsizing personnel.

Successful restructuring of a company should improve both the efficiency and profitability of the business.


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