when a company restructures internally the operations processes departments or ownership may change enabling the business to become more integrated and profitable financial and legal advisors are often hired for negotiating restructuring plans parts of the company may be sold to investors and a new chief executive officer ceo may be hired to help implement the changes 
the results may include alterations in procedures computer systems networks locations and legal issues because positions may overlap jobs may be eliminated and employees laid off a company undertakes a restructuring to modify the financial or operational aspect of its business usually when faced with a financial crisis restructuring can be a tumultuous painful process as the internal and external structure of a company is adjusted and jobs are cut but once it is completed restructuring should result in smoother more economically sound business operations after employees adjust to the new environment the company can be in a better position for achieving its goals through greater efficiency in production however not all corporate restructurings end well sometimes a company may need to admit defeat and begin selling or liquidating assets to pay off its creditors before permanently closing special considerationsrestructuring costs can add up quickly for things such as reducing or eliminating product or service lines canceling contracts eliminating divisions writing off assets closing facilities and relocating employees entering a new market adding products or services training new employees and buying property result in extra costs as well new characteristics and amounts of debt often result whether a business expands or contracts its operations real world examplein late march 2019 savers inc the largest for profit thrift store chain in the united states reached a restructuring agreement that cut its debt load by 40 and saw it taken over by ares management corp and crescent capital group lp the out of court restructuring which was approved by the company s board of directors includes refinancing a 700 million first lien loan and lowering the retailer s interest costs under the deal the company s existing term loan holders get paid in full while senior noteholders swapped their debt for equity 