Restructuring

Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. 

Other reasons for restructuring include a change of ownership or ownership structure, demerger, or a response to a crisis or major change in the business such as bankruptcy, repositioning, or buyout. 

Restructuring may also be described as corporate restructuring, debt restructuring and financial restructuring.

Other websites
Infoworld - "HP to slash 14,500 jobs in major restructuring move" 
CBC News - "Stelco unveils restructuring plan"
Web site of the TRACE Project, a large scale European trade union project that has created a mass of resources, training materials, etc about restructuring 
Web site of the MIRE Project (Monitoring Innovative Restructuring in Europe) including thematic analysis and 30 case studies 
Corporate Restructuring Consultants India
 European Restructuring Toolbox on Anticipedia web site of the European Commission

Category:Legal terms