Retrenchment: meaning, definitions and examples

๐Ÿ’ผ
Add to dictionary

retrenchment

 

[ rษชหˆtrษ›nสงmษ™nt ]

Noun
Context #1 | Noun

financial strategy

Retrenchment refers to the reduction of costs or spending in response to economic difficulty. This strategy is often employed by organizations during challenging financial periods to maintain stability and solvency. It may involve cutting jobs, reducing salaries, or implementing other austerity measures to preserve financial resources. Retrenchment aims to streamline operations and enhance efficiency while navigating a difficult economic landscape.

Synonyms

austerity, cutback, reduction

Examples of usage

  • The company announced a policy of retrenchment to manage its budget.
  • Due to the economic downturn, many firms resorted to retrenchment.
  • Retrenchment measures were deemed necessary to ensure the survival of the organization.

Translations

Translations of the word "retrenchment" in other languages:

๐Ÿ‡ต๐Ÿ‡น reduรงรฃo

๐Ÿ‡ฎ๐Ÿ‡ณ เค•เคฎเฅ€

๐Ÿ‡ฉ๐Ÿ‡ช Einsparung

๐Ÿ‡ฎ๐Ÿ‡ฉ penghematan

๐Ÿ‡บ๐Ÿ‡ฆ ัะบะพั€ะพั‡ะตะฝะฝั

๐Ÿ‡ต๐Ÿ‡ฑ redukcja

๐Ÿ‡ฏ๐Ÿ‡ต ๅ‰Šๆธ›

๐Ÿ‡ซ๐Ÿ‡ท rรฉduction

๐Ÿ‡ช๐Ÿ‡ธ reducciรณn

๐Ÿ‡น๐Ÿ‡ท azaltma

๐Ÿ‡ฐ๐Ÿ‡ท ์ถ•์†Œ

๐Ÿ‡ธ๐Ÿ‡ฆ ุชุฎููŠุถ

๐Ÿ‡จ๐Ÿ‡ฟ omezenรญ

๐Ÿ‡ธ๐Ÿ‡ฐ obmedzenie

๐Ÿ‡จ๐Ÿ‡ณ ๅ‰Šๅ‡

๐Ÿ‡ธ๐Ÿ‡ฎ zmanjลกanje

๐Ÿ‡ฎ๐Ÿ‡ธ skurรฐ

๐Ÿ‡ฐ๐Ÿ‡ฟ ะฐะทะฐะนั‚ัƒ

๐Ÿ‡ฌ๐Ÿ‡ช แƒ™แƒแƒ›แƒžแƒแƒฅแƒขแƒฃแƒ แƒ”แƒ‘แƒ

๐Ÿ‡ฆ๐Ÿ‡ฟ azaltma

๐Ÿ‡ฒ๐Ÿ‡ฝ reducciรณn

Etymology

The term 'retrenchment' originates from the Middle French word 'retrancher,' meaning 'to cut back or to prune', which itself derives from the Latin 'retrahere', meaning 'to draw back'. The concept became particularly significant in the realm of economics and organizational management during the 20th century, as businesses sought to implement measures to reduce expenses during times of financial crisis. The use of retrenchment strategies grew in response to increasing economic volatility, allowing companies to navigate challenges by reassessing their operational expenditures. Over the years, retrenchment has been discussed in various economic theories and management practices, emphasizing its role as a mechanism for survival in competitive markets.

Word Frequency Rank

With rank #18,591, this word belongs to specialized vocabulary. While not common in everyday speech, it enriches your ability to express complex ideas.