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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.
Organizational Restructuring is when a companies business model has changed due to internal or external factors and needs to adapt in order to survive and ultimately grow. This may result in a downsize, upsize or reshuffle of staffing requirement.
Positive restructuring could result in a growth spurt for the company as this is when effective HR structures are put in place and the correct skills are allocated to the correct depatments. It will create a sense of unity and belonging that not only encourages growth but also raises moral.
Negative Restructuring is often a result of poor HR management and can create a downward spiral or stagnant growth.
Restructuring is a significant modification made to the debt, operations or structure of a company. This type of corporate action is usually made when there are significant problems in a company, which are causing some form of financial harm and putting the overall business in jeopardy. The hope is that through restructuring, a
Company can eliminate financial harm and improve the business.
The process involved in changing the organization of a business. Corporate restructuring can involve making dramatic changes to a business by cutting out or merging departments that often has the effect of displacing staff members.
Change and restructuring often provide opportunities to improve work organization and the content of jobs and for changes in roles and responsibilities which may enhance skills and career development while leading to better and more efficient use of staff resources as well as other resources. However, change and restructuring may also impact on the stability of staff management relations and create concerns among staff affected by the change or restructuring.
