Retrenching: meaning, definitions and examples
๐
retrenching
[ rษชหtrษnสงษชล ]
economics strategy
Retrenching refers to the process of reducing costs or spending in response to economic conditions, often to improve financial performance. This can involve cutting back on staff, reducing expenses, or re-evaluating projects and investments to ensure sustainability. Businesses may retrench during economic downturns, aiming to stabilize their operations and emerge stronger. The goal is to create a leaner organization that can adapt to market changes and sustain profitability over time.
Synonyms
contraction, cutting back, downsizing, reducing.
Examples of usage
- The company is retrenching its workforce to save costs.
- Many organizations are retrenching their budgets in light of the recession.
- The government announced retrenching measures to reduce national debt.
Translations
Translations of the word "retrenching" in other languages:
๐ต๐น reduzindo
๐ฎ๐ณ เคเคเฅเคคเฅ เคเคฐเคจเคพ
๐ฉ๐ช Kรผrzung
๐ฎ๐ฉ pemangkasan
๐บ๐ฆ ัะบะพัะพัะตะฝะฝั
๐ต๐ฑ redukcja
๐ฏ๐ต ็ธฎๅฐใใ
๐ซ๐ท rรฉduction
๐ช๐ธ recorte
๐น๐ท kesinti
๐ฐ๐ท ์ถ์
๐ธ๐ฆ ุชุฎููุถ
๐จ๐ฟ snรญลพenรญ
๐ธ๐ฐ znรญลพenie
๐จ๐ณ ็ผฉๅ
๐ธ๐ฎ zmanjลกanje
๐ฎ๐ธ skurรฐ
๐ฐ๐ฟ าััาะฐััั
๐ฌ๐ช แแแแแญแ แ
๐ฆ๐ฟ azaltma
๐ฒ๐ฝ recorte
Etymology
The term 'retrench' originates from the French word 'retrancher', which means 'to cut back' or 'to reduce'. It was adopted into English in the early 19th century, initially used in military contexts to describe the act of fortifying positions by cutting back resources or personnel. Over time, its application expanded into the fields of economics and business, reflecting a strategic response to financial pressures. By the mid-20th century, 'retrenching' became a common term in corporate jargon, used to describe cost-cutting measures and organizational restructuring as companies faced challenges in a competitive marketplace. Today, retrenching is a key concept in financial management and strategic planning, highlighting the importance of adaptability in unpredictable economic climates.