Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “retrenchment”

See all translations

retrenchment

noun [C or U]
 
 
/rɪˈtrentʃmənt/
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.
Translations of “retrenchment”
in Chinese (Traditional) 削減費用, 緊縮開支, 裁減工人…
in Chinese (Simplified) 削减费用, 紧缩开支, 裁减工人…
(Definition of retrenchment from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of retrenchment?
Add Cambridge dictionaries to your browser to your website

Definitions of “retrenchment” in other dictionaries

Word of the Day

be as cold as ice

to be extremely cold

Word of the Day

Let’s celebrate! (words and phrases for parties)

by Kate Woodford,
December 17, 2014
​​​ With Christmas and New Year almost upon us, we thought it a good time to look at the language of parties and celebrations. First, let’s start with the word ‘party’ itself. To have or throw a party or, less commonly, to give a party is to arrange a party: We’re having a

Read More 

cinderella surgery noun

December 15, 2014
cosmetic surgery to the feet We have all heard of people having nose jobs, boob jobs and liposuction – but now a new trend growing in popularity in America: Cinderella surgery.

Read More