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The meaning of RETRENCHMENT is reduction, curtailment; specifically : a cutting of expenses.

RETRENCHMENT definition: 1. a situation in which a government, etc. spends less or reduces costs: 2. a situation in which…. Learn more.

Apr 6, 2022 · Retrenchment. Retrenchment is the term to describe what happens to an employee whose employment is terminated because their role becomes redundant.

In politics or business, retrenchment is the process of saving money by cutting expenses. Retrenchment nearly always involves laying off workers.

One is that the country will look at the fiscal retrenchment ahead and decide instead to default on its debt.

Definition of retrenchment noun from the Oxford Advanced Learner's Dictionary. [uncountable] the policy of spending less money; a deliberate reduction of costs. Want to learn more?

Define retrenchment. retrenchment synonyms, retrenchment pronunciation, retrenchment translation, English dictionary definition of retrenchment. n. 1. A cutting down or back; …

What is Retrenchment? Retrenchment is a process of reducing employees by terminating them from the workforce. Organizations often have to take this decision due to following reasons like …

Oct 10, 2017 · The Definition of the term Retrenchment as given in Section 2(oo) of the Industrial Dispute Act 1947 is exhaustive and comprehensive. According to the definition Retrenchment” …

What Is Retrenchment? Retrenchment is the process of organizations laying off employees to save money, improve efficiency, or due to unfavorable market conditions. It's a permanent …