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'undergo a restructuring' is a perfectly correct and usable phrase in written English.
You can use it when you want to refer to a process of change within an organization or system. For example: "The company decided to undergo a restructuring to reduce costs."
Exact(8)
The C. Y. Tung Group earlier had to undergo a restructuring.
Because of its political sensitivity, publishing is one of the last industries in China to undergo a restructuring.
The White House communications office, which Mr. Trump has complained about for two years, is also set to undergo a restructuring.
Rounding out a week in which art institutions around the country were beset by budget cuts and job losses, the Indianapolis Museum of Art said it would undergo a restructuring that includes reductions in staff and operating expenses.
Education book publisher Pearson said it would cut 4,000 jobs, or 10% of its workforce, and undergo a restructuring to tackle problems with its business in the US, Brazil and South Africa.
China's Internet juggernaut Tencent announced today that it would undergo a restructuring of its business units into six groups.
Similar(52)
"As a result, the team will undergo a restructure, with new directors and volunteers being recruited, bringing additional resource and expertise," a spokeswoman said.
Health, said that the merger was alive and well, just undergoing a restructuring.
The Beneficial Corporation, which is undergoing a restructuring, gained 2 1/8, to 54 7/8.
It is undergoing a restructuring of its own and faces a difficult choice on Alitalia.
Since the financial meltdown, AIG has undergone a restructuring that has cut its size nearly in half.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com