Business restructuring involves measures to realign and stabilise a company that is facing financial or operational challenges. The aim is to improve profitability and efficiency, often by cutting costs, streamlining processes and, in some cases, divesting non-strategic business units. Restructuring is an intensive and often critical phase that requires decisive and prudent management.

Managers in a restructuring must have the analytical strength and strategic skills to quickly identify weaknesses in the organisation and develop targeted measures. They have to make difficult decisions that potentially affect jobs and existing processes. Clear, transparent communication must be maintained in order to minimise uncertainty and anxiety within the team. Managers should also encourage a willingness to change, demonstrate a high degree of stress resistance and be able to resolve conflicts constructively. Restructuring is successful in the long term if managers involve employees in order to anchor the change in the long term and ensure the future viability of the company.

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