retrenchment

retrenchment
retrench re‧trench [rɪˈtrentʆ] verb [intransitive] formal FINANCE ECONOMICS
if a company, industry, or government retrenches, it spends less money:

• Defense companies are retrenching and have scaled back orders.

— retrenchment noun [countable, uncountable] :

• No sooner had he taken office when he announced a savage program of retrenchment and deflation.

• a drastic retrenchment plan

* * *

retrenchment UK US /rɪˈtrentʃmənt/ noun [C or U]
MANAGEMENT, FINANCE the act of spending less or reducing costs: »

The closures will be the first substantial retrenchment at the store for 10 years.

»

The big retrenchment in aerospace manufacturing in the early 1990s eventually infected the entire state economy.

»

Businesses are going for growth, after the retrenchment of recent years.

Australian English HR, WORKPLACE the act of removing a worker from a job as a way of saving the cost of employing them: »

Some firms are using retrenchments as a cost reduction measure.

»

This resulted in the retrenchment of 40,000 public servants.


Financial and business terms. 2012.

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  • Retrenchment — Re*trench ment, n. [Cf. F. retrenchment.] 1. The act or process of retrenching; as, the retrenchment of words in a writing. [1913 Webster] The retrenchment of my expenses will convince you that ? mean to replace your fortune as far as I can.… …   The Collaborative International Dictionary of English

  • retrenchment — index curtailment, decrease Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • retrenchment — (n.) c.1600, from Fr. retrenchement a cutting off or out, from retrencher (see RETRENCH (Cf. retrench)). Military sense is recorded from 1580s; see TRENCH (Cf. trench) …   Etymology dictionary

  • retrenchment — [rē trench′mənt] n. [MFr] 1. a retrenching; esp., a reduction of expenses 2. a rampart or breastwork within the main fortification …   English World dictionary

  • retrenchment — [[t]rɪtre̱ntʃmənt[/t]] retrenchments N VAR Retrenchment means spending less money. [FORMAL] Defense planners predict an extended period of retrenchment. ...a need for industrial retrenchment and restructuring …   English dictionary

  • retrenchment — /rɪ trentʃmənt/ noun a reduction of expenditure or of new plans ● The company is in for a period of retrenchment …   Marketing dictionary in english

  • retrenchment — /rɪ trentʃmənt/ noun a reduction of expenditure or of new plans ● The company is in for a period of retrenchment …   Dictionary of banking and finance

  • retrenchment — retrench ► VERB 1) reduce costs or spending in response to economic difficulty. 2) chiefly Austral. make (an employee) redundant in order to reduce costs. 3) formal reduce or diminish. DERIVATIVES retrenchment noun. ORIGIN French retrancher cut… …   English terms dictionary

  • Retrenchment (computing) — Retrenchment is a technique associated with Formal Methods that was introduced to address some of the perceived limitations of formal, model based refinement, for situations in which refinement might be regarded as desirable in principle, but… …   Wikipedia

  • retrenchment — noun Date: circa 1600 reduction, curtailment; specifically a cutting of expenses …   New Collegiate Dictionary

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