Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Alternate reasons for restructuring include a change of ownership or ownership structure, demerger, or a response to a crisis or major change in the business such as bankruptcy, repositioning, or buyout. Restructuring may also be described as corporate restructuring, debt restructuring and financial restructuring. Companies often need to change around their work teams as they grow.
Reorganization should not also include added bureaucracy.
So the most-important thing to remember about any reorganization might be this: Don’t expect it to be perfect.
Appreciate the initial complexity and confusion.
Change is and always has been an inevitable part of life. In today's business climate, however, the pace of change has definitely increased.
The one thing we hate most is uncertainty-uncertainty about our jobs, our future, our status in the organization, the role we are expected to play, and what other changes might be coming down the pike.
If the transformation never come, you'll still be better off. When people get laid off or fired, everybody hurts. We feel for our friends and coworkers. We empathize with their pain, anger, and sadness. In fact, we may have our own similar feelings to deal with, as new demands and responsibilities suddenly come our way.
Impracticable prospect can be a great source of stress and redundant distress. Unfortunately, when organizations undergo downsizings, restructurings, or other major changes, a whole host of unhealthy, unreasonable expectations frequently arise.
Sometimes, retained workers are asked to do the work of two or three individuals with little appreciation or acknowledgement. Their salaries are not increased commensurately or perhaps even at all.
Be sure to regularly recognize to yourself and to your coworkers if responsibilities have been significantly increased. Discuss your feelings with your family, friends, and loved ones. Discuss them with your superiors, if you think this would be appropriate..
Remember, just because everybody else in your organization starts acting insane, you don't have to go along. During times of increased stress, people often look for rapid and easy means of symptom relief.
If a few key people in each organization take on this job as a positive emotional leader, it will quickly spread to other employees as well. If nobody steps forward to remind people of the truth, it's easy for company employees to remain stuck in a chronic state of negativity.