Restructuring is a term that describes the process of making significant changes to the financial or operational aspects of a company, usually when the business is facing challenges or opportunities in the market. Restructuring can involve reducing costs, focusing on core products or services, adopting new technologies, enhancing talent management, improving competitive advantage, spinning off or merging with other companies, and more.

Restructuring can be a difficult and complex undertaking, but it can also bring many benefits to a company, such as increased efficiency, profitability, innovation, customer satisfaction, and reputation. However, not all companies succeed in transforming themselves through restructuring. According to a recent study only 22% of companies that underwent transformation between 2016 and 2020 achieved success.

So what makes a successful restructuring? One of the key factors is how companies engage their employees during the process. The study found that companies that prioritized employee initiatives, such as diversity and inclusion programs, support for women managers' careers, competitive pay, and access to health care, were more likely to succeed in restructuring than those that did not.

This is where Grosvenor Corporate, a leading firm of management consultants, can help. Grosvenor Corporate has extensive experience and expertise in helping companies restructure on the up, meaning when they are facing opportunities for growth and expansion rather than crises or threats. However, the majority of restructuring enquiries received are from companies facing adverse trading conditions.

Grosvenor Corporate can help companies design and implement restructuring strategies that align with their vision, goals, values, and culture. Grosvenor Corporate can also help companies communicate effectively with their employees and other stakeholders throughout the restructuring process, ensuring that they are informed, engaged, motivated, and supported.