restructuring practices

Restructuring practices involve reorganizing a company's operations, finances, or management to improve efficiency, adapt to market changes, or increase profitability. This can include relocating departments, changing business strategies, reducing costs, or selling parts of the company. The goal is to make the organization more effective and better positioned for future growth. Typically, restructuring is implemented during times of financial difficulty or to prepare for expansion. It requires careful planning and communication to minimize disruption and ensure stakeholders understand the changes. Ultimately, restructuring aims to strengthen the company's overall health and sustainability.