what is retrenchment - EAS
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Data from Oxford LanguagesLook it upWe couldn't find a definition. Try searching the web forre·trench·ment[rēˈtren(t)SHmənt]✕PlayNOUNretrenchment (noun) · retrenchments (plural noun)- the reduction of costs or spending in response to economic difficulty:"this period of retrenchment will see companies shed staff" · "closures and retrenchments have become the order of the day"
- AUSTRALIANSOUTH AFRICANthe action of dismissing an employee from a job:"he ordered the retrenchment of 420 civil servants"
- formalreduction in the extent or quantity of something:"the retrenchment of the welfare state"
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PublicKeyToken=null","ModelResolver":null,"InternalFrameworkStateDoNotUse":null,"SchemaName":"Dictionary.Translation.Content","KifMajorVersion":1,"KifMinorVersion":0,"KifMinorVersion2":0}],"InternalModelInterfaceDoNotUse":"Microsoft.Search.ModelSerialization.Models.Dictionary.Translation.ILangContentPair_1, Microsoft.Search.Frontend.SchemaInterfaces, Version=8.1.0.0, Culture=neutral, PublicKeyToken=null","ModelResolver":{},"InternalFrameworkStateDoNotUse":null,"SchemaName":"Dictionary.Translation.LangContentPair","KifMajorVersion":1,"KifMinorVersion":0,"KifMinorVersion2":0}]No translation found.Your Recent SearchesWords you've searched will appear here- People also askALLRetrenchmentRetrenchment ExamplesRetrenchment CalculationWhat does it mean to retrench an employee?What does it mean to retrench an employee?Retrenchment means terminating an employee due to the surplus of labor or incapacity of employees to match the performance standards of the company.www.peoplehum.com/glossary/retrenchmentSearch for: What does it mean to retrench an employee?What causes retrenchment?What causes retrenchment?Retrenchment normally arises from decisions to change strategic direction, which in turn usually happens because of one or more of the following: Excessively-high costs and low profitability (or unsustainable losses) A decision to adopt a strategy of retrenchment by definition involves change for a business.www.tutor2u.net/business/reference/retrenchment-explai…Search for: What causes retrenchment?What is a retrenchment package?What is a retrenchment package?When the employee enters into an agreement with his/her employer to be retrenched, not to claim unfair dismissal and not to claim additional pay, in return for payment of a retrenchment package which includes his/her severance pay, leave, other pay s/he is legally entitled and additional benefits.www.legalwise.co.za/help-yourself/quicklaw-guides/retren…Search for: What is a retrenchment package?What is the desired direction with retrenchment?What is the desired direction with retrenchment?This can be done by cutting defense spending, withdrawing from certain alliance obligations, scaling back on deployments abroad, or reducing international expenditures. Retrenchment does not necessarily involve the avoidance of all strategic commitments. But the desired direction with retrenchment is one of lowered cost and reduced commitment.www.fpri.org/article/2015/04/the-strategy-of-retrenchmen…Search for: What is the desired direction with retrenchment?
- https://www.merriam-webster.com/dictionary/retrenchment
Webretrenchment noun re· trench· ment ri-ˈtrench-mənt : reduction, curtailment specifically : a cutting of expenses Example Sentences Recent Examples on the Web Loeb backed off that position, but nothing is out of the question at a time of media retrenchment.
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- https://www.peoplehum.com/glossary/retrenchment
WebRetrenchment is one of the ways companies use to terminate employees when the company is forced to downsize its number of employees. Subsidiary companies of …
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- https://www.indeed.com/career-advice/career...
WebApr 8, 2022 · Retrenchment is a strategy that some organizations use to prevent further profit losses. While you may not decide to go through with retrenchment, knowing how …
- https://businessjargons.com/retrenchment.html
WebDefinition: Retrenchment is a situation involving permanent termination or discharge of an employee’s services by an employer for any reason whatsoever. It is forced on both …
https://www.tutor2u.net/.../retrenchment-explainedWebMay 12, 2018 · Retrenchment is a term used to describe when a business decides to significantly cut or scale-back its activities. Retrenchment might occur when one or more of the following happen to a business: Reduce …
- https://www.legalwise.co.za/.../retrenchment
WebRetrenchment is a form of dismissal due to no fault of the employee, it is a process whereby the employer reviews its business needs in order to increase profits or limit losses, which leads to reducing its employees.
- https://www.fpri.org/article/2015/04/the-strategy...
WebRetrenchment is a strategy designed to reduce a country’s international and military costs and commitments. [1] This can be done by cutting defense spending, withdrawing from certain alliance obligations, scaling back on …
- https://www.srdlawnotes.com/2017/10/retrenchment-meaning-definition-and.html
Web1) Meaning of Retrenchment. Retrenchment means termination of service of a workman by the employer by any reason but other than punishment or disciplinary action. In …
- https://businessjargons.com/retrenchment-strategy.html
WebDefinition: The Retrenchment Strategy is adopted when an organization aims at reducing its one or more business operations with the view to cut expenses and reach to a more stable financial position. In other …
Consumer ‘Retrenchment’ is Major Factor in Upcoming Recession
https://themreport.com/news/data/01-23-2023/consumer-retrenchmentWeb1 day ago · Consumer ‘Retrenchment’ is Major Factor in Upcoming Recession. Fannie Mae’s special Economic and Strategic Research Group (ESR) has published their …
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