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Preferred term

corporate restructuring  

Definition

  • Discussion of corporate restructuring encompasses related terms like deindustrialization and downsizing. It also must be understood in the context of ideas about the workings of a market economy and how change occurs at the level of individual firms and broader sectors of an economy. [Source: Sociology of Work: An Encyclopedia; Restructuring, Corporate]

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https://concepts.sagepub.com/social-science/concept/corporate_restructuring

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