Recent Examples of reorganization from the Web
Asa Mathat BuzzFeed, which laid off about 100 people last fall, is cutting another 20 people as part of a reorganization on its business side.
In May, Musk sent a memo describing plans to flatten the management structure at Tesla as part of a reorganization aimed at streamlining operations.
As a result of the recent reorganization, Petrobras had regained investors’ confidence before truckers began striking May 21.
His sudden exit was part of a broader reorganization at Hulu, which has attracted a growing number of subscribers but faces an uncertain future.
Her resignation became public Monday along with an announcement that the district would slash dozens of jobs as part of a reorganization.
The move is part of a reorganization within the group's substance abuse rehabilitation services, according to the release.
The new command will be the Army's fourth and part of a major reorganization designed to prepare the Army for future conflicts.
Several thousand state government information technology workers should be noticing a bump in their paychecks as a result of a broad reorganization of their job classifications California carried out earlier this year.
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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