What does corporate restructuring mean?

Legal analysis: corporate restructuring refers to the process of changing the original capital structure, organizational form, management mode or system of the company according to law to objectively adapt to the new needs of the company's development. Corporate restructuring can be divided into overall restructuring and partial restructuring.

Legal basis: Article 18 of the Company Law of People's Republic of China (PRC), when studying and deciding on major issues in reorganization and operation, and formulating important rules and regulations, the company shall listen to the opinions of the company's trade unions, and listen to the opinions and suggestions of employees through employee congresses or other forms.