Meaning of the word "corporate restructuring" in English
What does "corporate restructuring" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
corporate restructuring
US /ˈkɔːr.pə.rət ˌriːˈstrʌk.tʃər.ɪŋ/
UK /ˈkɔː.prət ˌriːˈstrʌk.tʃər.ɪŋ/
Noun
the act of reorganizing the legal, ownership, operational, or other structures of a company to make it more profitable or better organized for its present needs
Example:
•
The company announced a major corporate restructuring to improve efficiency.
•
Many employees lost their jobs due to the recent corporate restructuring.