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- Retrenchment in business refers to1234:
- Reducing the size, scope, or diversity of a company’s operations to improve financial performance.
- Terminating employees due to reasons like business downturns, restructuring, or cost reduction.
- Permanent termination or discharge of an employee’s services by an employer.
- Cutting down unprofitable products and services to achieve financial stability.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Retrenchment is a corporate-level strategy that involves reducing the size, scope, or diversity of a company’s operations. Retrenchment aims to improve the company’s financial performance by cutting costs, streamlining operations, and focusing on core business activities.thestrategystory.com/blog/what-is-a-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 business downturns, restructuring, or the need to reduce costs.www.pockethrms.com/hr-terms/retrenchment/Definition: Retrenchment is a situation involving permanent termination or discharge of an employee’s services by an employer for any reason whatsoever. It is forced on both parties, i.e. employer and employee.businessjargons.com/retrenchment.htmlRetrenchment strategy is a process through which you cut down all of those products and services that aren’t profiting your business to achieve financial stability. It also means leaving the market where your business can’t sustain itself. It usually results in the form of the sale of assets like product line and firing employees.www.marketingtutor.net/retrenchment-strategy/ - People also ask
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WEBMay 12, 2018 · Retrenchment is when a business cuts or scales back its activities due to various reasons, such as low profitability, market share loss, or economic downturn. Learn the causes, implications, and examples of retrenchment for change management …
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WEBThe meaning of RETRENCHMENT is reduction, curtailment; specifically : a cutting of expenses.
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WEBApr 3, 2024 · At its core, the “retrenchment strategy” is a reduction or reallocation of resources and activities in a company to improve financial stability and operational …
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WEBRetrenchment is a process of reducing employees by terminating them from the workforce. Organizations often have to take this decision due to following reasons like …
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WEBWhen an organization is forced to downsize the number of employees to balance losses in the operation of a business, it is called retrenchment.
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