Impact of corporate restructuring on organisational performance: An empirical analysis

All organisations need to perform efficiently to survive. At the same time, they must maintain the capacity to evolve and adapt. Constant changes in external environment, customers’ preferences and profile and the competitive business scenario demand continuous improvement and innovation to attain success. Corporate restructuring has been the focus of much debate in the past few decades. The importance of restructuring in power sector assumes serious significance since electricity is a basic human need and essential for all aspects of our life. In the backdrop of power sector reform, subsequent unbundling and corporatisation, it was imperative to revisit and redesign the organisation structure to align human resources (HRs) with organisation's objectives for rightsizing, optimum utilisation of manpower. The findings of the study reveal that HR interventions of Organisational Restructuring in Odisha Power Transmission Corporation Limited. (OPTCL) are positively correlated with organisational outcomes (Performance, Productivity and Quality).