(ˈ)rē+ transitive verb
Etymology: re- + tool
1. : to reequip (as a factory or an industry) with tools (as dies and punches) for manufacturing
retool an aircraft plant to build prefabricated houses
retool an industry for armaments work
retool a nation to war production — National Geographic
2. : reorganize
retooling of our academic structure — Mortimer Graves
period of economic and social retooling — Vera M. Dean