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"underwent restructuring" is a correct and commonly used phrase in written English.
It can be used to describe a situation where a company, organization, or system has undergone significant changes or reorganization. Example: After facing financial difficulties, the company underwent restructuring, resulting in layoffs for many employees and a change in leadership.
Exact(8)
Since then, General Motors, now called General Motors Co., underwent restructuring.
As industry and the Hungarian economy in general underwent restructuring and modernization during the early 1990s (including the implementation of privatization and the improvement of the quality of goods and services), some industries adapted more successfully to new conditions.
Anticipating that similar difficulties would continue to hamper responses to future emerging infectious diseases (EIDs), Taiwan Centers for Disease Control (Taiwan CDC) undertook a comprehensive systemic review to identify public health deficiencies [1], [2] and subsequently underwent restructuring in the post-SARS era.
When the large bank I had worked for underwent "restructuring" a few months before, I quickly became one of nearly 12 million unemployed people in the United States.
The closure came after months in which questions about the charity's financial accountability were raised by a BBC investigation which reported that the Cabinet Office was withholding £3m of funding until Batmanghelidjh stepped aside and the charity underwent 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.
Similar(52)
He spoke of challenges and accomplishments such as helping Rockefeller Center restructure its debt when it underwent financial reverses.
Restructuring looms.
She underwent therapy, too.
She underwent surgery immediately.
Winifred underwent "denazification" in 1947.
More suggestions(2)
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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