Restructuring refers to the act of reorganising a company's structure, finances or operations for the purpose of making it more efficient, more forward-operating or more profitable. The process of restructuring a business should start with the creation of a restructuring plan.
Implementing change takes time, and the restructuring process has many different parts that will need due attention. Operational requirements could dictate the downsizing of a workforce as economic conditions force businesses to adapt and put in place new strategies that could result in redundancies and retrenchments.
Alternatively, a company could change its business plan/model to stay relevant and competitive.
The Mediation & Dispute Settlement Centre brings you best practices with strong business and pragmatic local knowledge with innovative approach including e-meetings that help any company to support its Human Resources function, offering substantial strategic value that is critical for growth with workplace mediation and labour law compliance.