Definitions (3)
Related Terms
1. Restructuring of a firm's operations, in order to concentrate on core activities and outsource peripheral ones, often requiring reduction in workforce.
2. Combination of two or more organizational units resulting in a new entity in which the combined units remain essentially intact.
3. Readjustment of a firm's debt and capital structure after a bankruptcy or receivership order.

Use 'reorganization' in a Sentence

It is hoped, by the board of directors, that the reorganization of the company will keep the company from going bankrupt.
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Sometimes you may need to undergo a full reorganization for your business if things have not been working out well.
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The reorganization of the firm lead to a lot of new hires as well as a lot of old people being let go.
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