Definitions (3)

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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