"undergoing restructuring" is a correct and usable phrase in written English.
You can use it when referring to changes or modifications that are happening to a company, industry, organization, system, etc. For example, "The telecommunications industry is currently undergoing restructuring due to the emergence of 5G technology."
The companies are undergoing restructuring.
The Polish coal industry has been undergoing restructuring to provide for its transition to a competitive environment.
Industry analysts said the Bazhayev company was an oil broker, buying and reselling petroleum shipments, and an adviser to other oil companies undergoing restructuring.
Michael Frishberg, a former partner in Kirkland & Ellis's restructuring department, has joined Kurtzman Carson Consultants, a claims agent for companies undergoing restructuring.
So Chinese workers are reacting rationally, figuring that career opportunities will be constrained in Western companies undergoing restructuring and diminished growth.
In a statement, Duff & Phelps said: "The group has been undergoing restructuring and, as has been widely reported, the shareholders have been in negotiations to find a buyer for the business.
An additional stipulation required the companies to undergo restructuring.
As the electric utility industry undergoes restructuring in some states, division studies provide useful information to the industry and the regulatory community charged with guiding this evolution.
Media reports have suggested that this massive ministry may undergo restructuring in a Modi administration.
Westinghouse was put into Chapter 11 bankruptcy, which protects it from creditors while it undergoes restructuring.
As its declining share continued, the organization recently underwent restructuring, which saw its president Li Gong and a mobile VPRick Fant both leaving the company.
