Definition of Retrenchment
Retrenchment
re·trench·ment
Definition/Meaning
(noun)
the action of reducing one's costs and expenses in order to deal with economic difficulty, especially the action of removing employees from their jobs;
e.g. The business focused on the retrenchment of its spending because it was seeing fewer customers.
(noun)
(formal) broadly, the action of reducing the quantity or extent of something;
e.g. They are in favor of the retrenchment of their advertisements.
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