PwC poll sees further restructuring in 2012

This year is set to see further widespread restructuring efforts at companies, including staff numbers, consolidation of business divisions, and debt refinancing.

A new study by professional services company PricewaterhouseCoopers (PwC) has found that 70% of companies are planning further restructuring activities this year; with 87% of those surveyed saying their business has become more viable since undergoing recent restructuring programmes.

“While much of the restructuring, to date, has been operational in nature, the funding side of the business is coming more and more into focus as businesses strive for stabilisation,” according to Brian Bergin, restructuring partner at PwC.