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Coronavirus COVID-19 and Business Restructuring

Written by John A Waller, Director. Reviewed February 23rd, 2022.

Coronavirus COVID-19 and business restructuring during the current pandemic include restructuring of a company’s assets and liabilities. The procedure consists of suspending or terminating a business, closing shops or factories, and making general cuts to team members for performance, cost or location. However, the procedure involves a charge against earnings for tha