Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “retrenchment”

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.
(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

Translations of “retrenchment”

Word of the Day

first:

(a person or thing) coming before all others in order, time, amount, quality, or importance

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More