renovation / restructuring / remediation
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renovation
The renovation and modernization of a building, apartment, or district in order to improve its condition and bring it up to current standards.
Die Sanierung der Altbauwohnung wird voraussichtlich sechs Monate dauern.
The renovation of the old apartment is expected to take six months.
restructuring
The financial and organizational restructuring of a company in order to save it from insolvency and make it profitable again.
Durch die erfolgreiche Sanierung konnten die meisten Arbeitsplätze erhalten werden.
Thanks to the successful restructuring, most of the jobs were preserved.
remediation
A medical process in which all sources of disease in the body, e.g. in the teeth, are removed in order to restore health.
Vor der Herzoperation war eine vollständige zahnärztliche Sanierung erforderlich.
Before the heart operation, a complete dental remediation was required.
'Sanierung' (renovation/restructuring/remediation) is a noun derived from the verb 'sanieren' (to renovate/restructure/remediate). Nouns ending in '-ung' are always feminine (die) and usually describe a process or the result of an action.
Wir sanieren gerade unser altes Haus.
We are currently renovating our old house.
You can easily recognize the meaning of 'Sanierung' (renovation/restructuring/remediation) from the context. If it is about buildings or cities, it means structural renovation. If it is about companies and finances, it means economic rescue or restructuring. In a medical context, it is about healing the body.
Die Sanierung der Brücke wird teuer.
The renovation of the bridge will be expensive.
In the context of buildings, 'Sanierung' (renovation) is often described more specifically. Common combinations are 'energetische Sanierung' (energy-efficient renovation), 'umfassende Sanierung' (comprehensive renovation), or 'Sanierung eines Altbaus' (renovation of an old building).
Durch die energetische Sanierung sparen wir jetzt Heizkosten.
Thanks to the energy-efficient renovation, we now save on heating costs.
In an economic context, 'Sanierung' (restructuring) is often combined with financial terms. Typical phrases are 'finanzielle Sanierung' (financial restructuring), 'erfolgreiche Sanierung' (successful restructuring), or the expression 'ein Unternehmen in die Sanierung schicken' (to send a company into restructuring).
Ein neuer Investor soll die finanzielle Sanierung des Klubs ermöglichen.
A new investor is supposed to make the club's financial restructuring possible.
reform
Both words can refer to comprehensive measures to improve a struggling organization. A „Reform“ fundamentally redesigns an existing system, while a „Sanierung“ refers especially to restoring financial and organizational viability. When it is a matter of saving a company from insolvency, „Sanierung“ is more precise.
Die Sanierung des angeschlagenen Unternehmens soll es vor der Insolvenz retten.
The restructuring of the struggling company is intended to save it from insolvency.
Die Reform der Verwaltung soll die Abläufe im ganzen Unternehmen neu gestalten.
The reform of the administration is intended to redesign the processes throughout the company.
