This sort of corporate gobbledegook is everywhere and is not restricted to FFC. Admittedly, having a CEO who thinks it’s ok to wear a pink sportscoat probably means our gobbledegook is a little gobbledegookier than others, I don’t think it’s a reason to bash the administration (yet again).
What appears to have happened is the HR person was sacked but it’s much better to call it a “restructure” to avoid any claim of unfair dismissal. You can only get away with that subterfuge if you actually appear to have done a restructure. So you shuffle the deck chairs a bit, change the job descriptions a bit and hey presto, a restructure (well, kinda anyway).
After a certain amount of time has elapsed you can then make the miraculous discovery that you really do need a HR person and restructure the restructure.
FFC are not the first to do this.