Pronunciation: /rɪˈtrɛntʃmənt/
noun the act of reducing or cutting back on expenses or costs, especially in a business or organization
A1 Retrenchment means reducing the size of a company's workforce.
A2 The company announced retrenchment plans to cut costs.
B1 The retrenchment policy led to many employees losing their jobs.
B2 The retrenchment strategy was implemented to improve the company's financial situation.
C1 The retrenchment process was carefully planned to minimize the impact on employees.
C2 The company's retrenchment program was met with resistance from the workers' union.
formal The company had to resort to retrenchment in order to cut costs and stay afloat.
informal Many employees were laid off due to retrenchment at the company.
slang I heard there's going to be a massive retrenchment round next month.
figurative In times of crisis, retrenchment may be necessary to survive.
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