retrenchment Definition
- 1the reduction of costs or spending in response to economic difficulty
- 2the act of cutting down or off as by the reduction of expenses
Using retrenchment: Examples
Take a moment to familiarize yourself with how "retrenchment" can be used in various situations through the following examples!
Example
The company announced retrenchment measures to cope with the economic downturn.
Example
The government's retrenchment policies led to widespread protests.
Example
The family had to undergo retrenchment after the breadwinner lost his job.
retrenchment Synonyms and Antonyms
Phrases with retrenchment
the act of employees choosing to leave their jobs in exchange for a severance package
Example
The company offered voluntary retrenchment to its employees as part of its cost-cutting measures.
the act of employees being laid off due to cost-cutting measures
Example
The company had to resort to forced retrenchment after failing to meet its financial targets.
a strategy or program aimed at reducing costs or expenses
Example
The management team is currently working on a retrenchment plan to address the company's financial challenges.
Origins of retrenchment
from French 'retrancher', meaning 'to cut off'
Summary: retrenchment in Brief
Retrenchment [ri-trench-muhnt] refers to the act of reducing costs or spending in response to economic difficulty. It can be voluntary or forced, and often involves layoffs or other measures to reduce expenses. Examples include 'The company announced retrenchment measures to cope with the economic downturn' and 'The family had to undergo retrenchment after the breadwinner lost his job.'
