Akademik

reorganization

Creation of a plan to restructure a debtor's business and restore its financial health. Bloomberg Financial Dictionary

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reorganization re‧or‧gan‧i‧za‧tion [riːˌɔːgənaɪˈzeɪʆn ǁ -ˌɔːrgənə-] also reorganisation noun [countable, uncountable]

1. the process of changing the structure and working arrangements of a company or organization:

• the latest in a long string of corporate reorganizations

• The three new posts were created in the reorganization of the company's business groups.

2. FINANCE the act of officially organizing a company and its finances in a new way because it has become bankrupt:

• The company has until 3 March to file a reorganization plan.

• They may seek protection from creditors in a Chapter 11 reorganization (= a reorganization under US bankruptcy law ) .

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reorganization UK US (UK also reorganisation) /riːˌɔːg^ənaɪˈzeɪʃ^ən/ US /riːˌɔrgənəˈzeɪʃən/ noun [C or U]

► HR, MANAGEMENT, WORKPLACE a change in the way that something such as a company is organized, in order to improve it: »corporate reorganization
»broad/major/massive reorganization
»a radical/sweeping reorganization
announce a reorganization »The company may announce a reorganization of management before the end of this year.

► LAW, FINANCE, WORKPLACE in the US, a change in the way a company and its finances are organized after it has gone bankrupt: »reorganization costs
»a plan of reorganization/reorganization plan
»The New York-based investment firm was a member of the company's creditors committee during its recent bankruptcy reorganization.

Financial and business terms. 2012.