Poll shows 78% of firms restructured

Dublin: A poll carried out by PwC with the Dublin Chamber of Commerce revealed that business restructuring continues to be a significant challenge for nearly two-thirds (64%) of Irish businesses.

Over three quarters (78%) of participants said they had undertaken operational or financial restructuring in the last 12 months. In addition, nearly two-thirds (64%) are planning to take further action in the year ahead.

According to the poll, the key financial restructuring measures being planned in the year ahead are renegotiating existing bank facilities (42%); extending or rescheduling capital repayments (36%); restructuring of bank borrowings (27%) and raising new capital (24%).