Retrenchment
Retrenchment
- (noun) the reduction of costs or spending in response to economic difficulty; “this period of retrenchment will see companies shed staff”.
- (noun) the action of making an employee redundant; “he ordered the retrenchment of 420 civil servants”
- (formal) reduction in the extent or quantity of something; “the retrenchment of the welfare state”
Retrenchment (रीट्रेन्च्मन्ट) meaning in Hindi (English to Hindi meaning)
- छटनी
Retrenchment Origin
- late 16th century (in the now formal usage): from obsolete French retrencher, variant of retrancher, from re- (expressing reversal) + trancher ‘to cut, slice’.
Retrenchment in a sentence (word usage in recent Hindu newspaper editorial)
- General Motors has confirmed that out of a total workforce of 1500 people‚ close to 600 workers are to be retrenched by July 2017.
- General Motors issues retrenchment notices.
- Karenju Muguini was retrenched at 60. He hadn’t seen it coming. He wishes he had had more time to work.
- Meanwhile, employers are being asked to explore all their options before deciding to go the way of retrenchment.
- Minister of Labour says: Retrenchment Act revision coming soon
Mnemonic trick to remember the meaning of retrenchment
- tranch = cut
