What is a Company Restructure?

There is a common assumption that a company restructure automatically results in a redundancy situation, whilst this is quite common it is not always the case.

Reasons for a company restructure…

• It may be in response to a crisis such as a continued drop in sales
• Loss of position within the market
• The introduction of new competitors, new legislation, new working practices or technology
• It may even be following a business transfer
• Or to make the business more viable to sell

Considerations…….

• New company structure
• An increase or decrease in employee numbers
• Potential changes to job roles & how significant they may be
• Contract variation
• Contractual obligations
• Potential legal risks

And there’s more…

• There’s the timescales
• The resource required – key players (senior management) and their availability,
• Notifications
• Announcements
• Communications (workforce/collective agreements & ICE Regulations)
• Identifying proposed new roles
• Creating job descriptions
• Dealing with employees
• Potential grievances
• Managing customer expectations and deadlines during the process

These are just some areas to consider..