Restructure companies in industry Sample Clauses

Restructure companies in industry. Due to negative impact of the global economic crisis, which manifested itself through market losses, cancellation of orders, deferred payment of products, as well as a reduction in prices on the world market, many companies have been doing business negatively and were forced to reduce the volume of work. As a consequence, there was a problem of the technological surplus of labor, inadequate micro and macro organizations, technical and technological backwardness, as well as large debts to the budget, workers, suppliers and others. In order to continue production and retain employment, restructuring should be implemented in companies that have faced problems, but have a market and a longer perspective. Particular attention should be paid to the implementation of restructuring in non-privatized companies, which are significant from the point of view of the achieved results and the number of engaged workers, whose privatization attempts, due to accumulated liabilities, were not successful in the previous period. By conducting a financial restructuring, the company shall 'clean' its obligations and become more attractive for privatization to interested strategic partners. In addition to financial restructuring, organizational-human resources and production- technological restructuring need to be carried out in most companies.
Sample 1
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