reorganization
The process of changing how a company or group is organized, so it works in a new way.
The process or act of changing the structure, roles, or operations of a company, institution, or other organization, usually to improve efficiency or respond to new conditions.
The act of putting things, plans, or ideas into a new order or structure.
The act of arranging or structuring something again in a new way, such as a schedule, system, or physical space.
A legal process where a company or person changes how it pays its debts, usually with a plan approved by a court, so it does not have to close completely.
A formal legal process, especially under bankruptcy law, in which a company or individual restructures debts and operations under court supervision instead of being liquidated.
- Base: reorganization
- Plural: reorganization, reorganizations
Chapter 11 reorganization
1US bankruptcy reorganization process
In the United States, a legal process under Chapter 11 of the Bankruptcy Code where a company makes a new plan to pay its debts and keep operating.
- The retailer filed for Chapter 11 reorganization after years of declining sales.
- During Chapter 11 reorganization, the company can keep running while it negotiates with creditors.
- Many airlines have gone through Chapter 11 reorganization and later returned to profit.
corporate reorganization
1changing how a company is structured
A process where a company changes its structure, staff, or way of working, often to save money or work better.
- The corporate reorganization will combine the European and Asian divisions.
- Shareholders approved the corporate reorganization at last week’s meeting.
- He was hired to advise on the corporate reorganization following the merger.
government reorganization
1changing how government departments are arranged
Changes to how parts of a government are arranged, what they do, or who they report to.
- The prime minister announced a major government reorganization to cut bureaucracy.
- Government reorganization will merge several small agencies into one large department.
- The report recommends government reorganization to improve public services.
major reorganization
1large and important structural change
A very big change in how a company, group, or system is organized.
- The school is going through a major reorganization to deal with budget cuts.
- Rumors of a major reorganization have made many employees nervous.
- The board agreed that only a major reorganization could solve the company’s problems.
reorganization plan
1formal plan for restructuring
A written plan that explains how a company or person will change its structure and pay its debts during reorganization.
- Creditors voted to accept the reorganization plan proposed by the company.
- The court must approve the reorganization plan before it can take effect.
- The reorganization plan includes closing unprofitable stores and reducing staffing costs.
undergo reorganization
1experience a process of reorganization
To experience a process where the structure of a company, group, or system is changed.
- Several departments will undergo reorganization in the next few months.
- The museum has undergone reorganization to make better use of its space.
- Public services are expected to undergo reorganization after the policy review.