This process includes a set of steps and adjustments that can include:

1. Current Performance Assessment: Analyze the company’s current performance to identify strengths and weaknesses. This can include evaluating operational processes, organizational structure, and human resources.
2. Goal setting: Set clear and measurable goals to achieve tangible improvements. Goals may include increasing profits, improving the quality of products or services, or reducing costs.
3. Reorganization of the organizational structure: It may require adjusting the organizational structure to streamline operations, improve communication between teams, or create new units in line with the new strategy.
4. Modernize processes and systems:   Improve or replace existing systems and processes to increase efficiency and reduce costs. This may include introducing new technologies or improving existing procedures.
5. Change Management  : Develop a change management plan to ensure a smooth and orderly transition to the new structure. This may include effective communication with employees and providing them with the necessary training and support.
6. Monitoring and evaluating performance:   Follow up the results of the restructuring on an ongoing basis to assess the extent to which the set goals have been achieved and adjust the plans if necessary.

Restructuring can be a complex process and needs careful planning and effective management to ensure its success and achieve the desired benefits.

Reasons for corporate restructuring

*Change in strategy

*Lack of profits

*Cash Flow

Whena company has difficulty making payments for its debts, it often resorts to resetting debt conditions in restructuring debt, creating a means of repayment. Or by restructuring its operations or financial structure by reducing costs, such as salaries, or reducing its size through the sale of assets.

The objective of restructuring is to develop a plan to reorganize  the financial and administrative department that includes how to get out of the stage of financial and administrative turmoil and pay its debts with an indication of the proposed sources of financing.

The objective of the restructuring will be  to  revaluation of the company’s assets and restructure its debts including outstanding debts to be repaid with capital increase,  increased internal cash flow, reduced expenses and the implementation of management restructuring.

The restructuring prepares a report to the Board of Directors within 3 months with its opinion on the causes of the financial and administrative turmoil of the company, the effectiveness of entering into  the restructuring and the proposed plan.

 Corporate restructuring needs

To optimize the company’s balance sheet, by eliminating the unprofitable section of its core business.

Reducing the number of employees by closing or selling the unprofitable part.

Changes in corporate management.

Disposal of unused assets.

Transform processes such as moving manufacturing processes to low-cost locations.

Reorganize functions such as marketing, sales and distribution.

Renegotiate employment contracts to reduce expenses.

Rescheduling or refinancing debt to reduce interest payments.

Conduct a large-scale PR campaign to bring the company back into consumer standing.