Restructuring involves contracting with another company in a low-cost country abroad to have it perform a work activity the organization previously performed itself.

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Restructuring involves simplifying, shrinking, or downsizing an organization's operations to lower operating costs. Restructuring can be done by eliminating product teams, shrinking departments, and reducing levels in the hierarchy, all of which result in the loss of large numbers of jobs of top, middle, or first-line managers, as well as nonmanagerial employees.

Restructuring Involves Contracting with Another Company in a Low-Cost Country