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"We're overhauling an antiquated pension management system that has needed restructuring for generations," Mr. Bloomberg said.
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First comes its bread and butter, the restructuring business, which has done well recently as companies have needed to restructure debt, go through bankruptcy proceedings and so forth.
It would have been only a matter of time before the debt needed restructuring.
There's some truth to this: Barneys may have needed a cash infusion, or to restructure its debt, and certainly the Madison Avenue store was overdue for a face lift, but many of the woes caused by the financial crisis had lifted by 2010 as people began to shop again.
To be sure, any restructuring agreement would have needed to include significant concessions from the unions and other key parties.
The govt., in which public confidence has rarely been lower, must be repaired & the economy needs restructuring.
USACE has known for some time that the levee systems in America need restructuring.
Westfield had needed support from 75% of investors in each company to push ahead with the restructure.
The Greek economy still sorely needs restructuring.
He proclaimed, "[A]n edifice that produces beggars needs restructuring".
"It is a fact that Russia's social security system needs restructuring, which should have been started on a larger scale much earlier," she wrote in an e-mail message.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com