What does "restructuring" mean?

1. (organizational change) a big change in how a company or group is organized. 2. (financial debt change) changing the terms of a debt or loan to make it easier to pay back.

How do you use "restructuring"?

Often used as an uncountable noun when referring to the general process. Frequently appears in the phrase 'debt restructuring'.

restructuring

US //ɹiˈstɹəktʃɝɪŋ// UK //ɹɪstɹˈʌktʃəɹɪŋ// re·struc·tur·ing

1 organizational change (n.)
B2 Upper Intermediate Academic

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.

Example

The company announced a major restructuring that will merge three departments into one.

Example

Following the merger, the board initiated a comprehensive restructuring to eliminate redundant roles and streamline the decision-making process.

Usage

Often used as an uncountable noun when referring to the general process.

Teacher's tip

In business contexts, this is often a euphemism for job cuts or layoffs.
- reorganization
- rearrangement
- shake up
2 financial debt change (n.)
C1 Advanced Technical Formal Law

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.

Example

The bank agreed to a debt restructuring to help the small business stay open.

Example

The sovereign debt restructuring required intense negotiations with international creditors to extend the repayment period and reduce interest rates.

Usage

Frequently appears in the phrase 'debt restructuring'.
- refinancing