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English definition of “retrench”


verb     /rɪˈtrentʃ/
[I] formal If governments , companies , etc. retrench, they start spending less money , or reducing costs : The company had to retrench because of falling orders .Economics and the state of the economy [T] Australian English to remove a worker from their job as a means of reducing costs Firing staff and being fired
(Definition of retrench verb from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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