restructuring
- 01 B2 Upper Intermediate
a big change in how a company or group is organized.
the act of reorganizing the internal structure of an entity, typically involving changes in hierarchy, departments, or personnel.
Simple“The company announced a major restructuring that will merge three departments into one.”
In context“Following the merger, the board initiated a comprehensive restructuring to eliminate redundant roles and streamline the decision-making process.”
UsageOften used as an uncountable noun when referring to the general process.
Teacher's tipIn business contexts, this is often a euphemism for job cuts or layoffs.
Synonyms - 02 C1 Advanced
changing the terms of a debt or loan to make it easier to pay back.
the process of modifying the terms of debt obligations to improve liquidity or avoid default.
Simple“The bank agreed to a debt restructuring to help the small business stay open.”
In context“The sovereign debt restructuring required intense negotiations with international creditors to extend the repayment period and reduce interest rates.”
UsageFrequently appears in the phrase 'debt restructuring'.
Synonyms
“Restructuring a molecule without rebuilding it from scratch is an increasingly important goal in modern organic chemistry.”
“The business, still owned by Ashley but run by his son-in-law Michael Murray, this month bought luxury department store Harvey Nichols and promised a "significant restructuring" of the business.”