retrench Meaning, definition in Cambridge English Dictionary
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Meaning of "retrench" - English Dictionary

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retrenchverb

uk   us   /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. [T] Australian English to remove a worker from their job as a means of reducing costs
(Definition of retrench from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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