Recent Examples of reorganization from the Web
The agency was born out of a government reorganization that followed the 9/11 terrorist attacks.
Mathews is also the third high-ranking member of the the Lake County State’s Attorney’s Office to be selected as a judge this year, bringing a period of reorganization to that office.
In 2013, the Obama White House proposed that step—and much more—as part of a sweeping reorganization of the government’s $3 billion science, technology, engineering, and mathematics education portfolio across more than a dozen federal agencies.
Tesla announced plans last week to lay off 9 percent of its workforce as part of a reorganization, but Musk did not indicate that this particular employee was included in those cuts.
Tesla is cutting 9% of its workers as part of a reorganization designed to reduce costs and help the electric automaker become profitable, according to an email CEO Elon Musk sent to employees Tuesday and obtained by Fortune.
The school board voted in September on the extensive reorganization plan, which also called for the closure of two administrative buildings.
The judge in his December ruling rejected the competing reorganization plans filed by the archdiocese and a creditors’ committee and ordered both sides back into mediation.
Richard led the recreation department throughout the administration of former Mayor Mitch Landrieu and steered the department through its reorganization into a quasi-independent commission.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'reorganization.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of REORGANIZATION
What It Is
Reorganization may refer to the rehabilitation of a company's finances pursuant to a bankruptcy. It can also refer to any process that affects the tax structure of a corporation. In addition, reorganization may refer to a merger or acquisition or sale of a company that changes the ownership, stock, or legal and management structure.
How It Works
Reorganization is a formal court-supervised process of restructuring a company's finances after a bankruptcy. In accordance with bankruptcy laws, specifically Chapter 11, a company is given protection from creditors during the time period when the company proposes and a bankruptcy court reviews and approves a specific reorganization plan. The reorganization is intended to repay creditors to the maximum extent possible and to restructure the company's finances, management, and operations to prevent the same problem from arising again.
A company may reorganize itself, including its legal or corporate structure to take advantage of existing or new tax regulations.
A merger or acquisition of a company may result in a reorganization of the company ownership, equity structure, management, and operations to take advantage of the efficiencies of new management, new technologies, and new capital assets.
Why It Matters
Reorganization is an important step for a business since it has the potential to open up new opportunities, increase efficiencies and profits, and give legal and financial protection during difficult times.
legal Definition of reorganization
Learn More about reorganization
See words that rhyme with reorganization Spanish Central: Translation of reorganization Nglish: Translation of reorganization for Spanish speakers Britannica English: Translation of reorganization for Arabic speakers Britannica.com: Encyclopedia article about reorganization
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