Definition of Retrenchment
Retrenchment
re·trench·ment
Definition/Meaning
(noun)
The act of reducing costs or expenses, especially by cutting jobs.
e.g. The company had to implement retrenchment measures to stay afloat.
(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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