The process of restructuring typically involves a series of stages. It starts with a detailed review and analysis of the company's current financial position, business operations, and market situation.
Following this, a restructuring plan is developed, which could include measures such as cost reduction, debt renegotiation, asset divestment, or workforce downsizing. This plan is then implemented under the guidance of the management or external advisors.
Throughout the process, transparent and effective communication with all stakeholders, including employees, shareholders, and creditors, is crucial to ensure support and minimize business disruptions.