English version


From Longman Business Dictionaryreorganizationre‧or‧gan‧i‧za‧tion /riːˌɔːgənaɪˈzeɪʃən-ˌɔːrgənə-/ (also reorganisation British English) noun [countable, uncountable]1the process of changing the structure and working arrangements of a company or organizationthe latest in a long string of corporate reorganizationsThe three new posts were created in the reorganization of the company’s business groups.2American EnglishFINANCE the act of officially organizing a company and its finances in a new way because it has become bankruptThe company has until 3 March to file areorganization plan.They may seek protection from creditors in a Chapter 11 reorganization (=a reorganization under US bankruptcy law).
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