Restructuring:
Restructuring is a type of corporate action taken when significantly modifying the debt,
operations or structure of a company as a means of potentially eliminating financial harm and
improving the business. When a company is having trouble making payments on its debt, it
will often consolidate and adjust the terms of the debt in a debt restructuring, creating a way
to pay off bond holders. A company restructures its operations or structure by cutting costs,
such as payroll, or reducing its size through the sale of assets.
Akij Group:
Nowadays Akij Group dont offer permanent job in their factory. They have made some
contractor there & instruct them to give job under them. Some they can get their work
done by the seasonal employee. Ultimately the companys cost will be lower than the
previous policy.
Walton:
After establishment Walton gave too many distributor license to local electronic outlets.
But recently they took back their license & stablished their official outlet names Walton
Plaza. So they cut down their maintenance cost by decreasing their number of
supervisors of distributors.
Grameenphone:
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Reengineering:
Reengineering includes reconfiguring or redesigning of work, jobs, and process for the
purpose of improving cost, quality and service.
Five Bangladeshi companies that has implemented reengineering:
DHL:
Few years ago DHL introduced us with a fantastic system. After booking any product in
DHL, they give every customer a code number. Through the code number the customer
can easily check his/her products recent position by himself in online. So employees are
now not responsible for giving the information about products to the customers. They can
do their other tasks without receiving the customer service calls.
AJI Group:
In AJI group employees get extra benefits like three bonuses in every year. The managing
director also help the employees whenever they are in trouble. The whole relationship
process between owner & employees rarely exist in other garments. So the employees
always try to give their best for the organization. They also get rewarded by the owner for
better performance.
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