retrenchment retrenchment /rɪˈtrentʃ.mənt/ noun [C or U]
1 F0 a situation in which a government, etc. spends less or reduces costs Thesaurus+: ↑Economics and the state of the economy2 F0 AUSTRALIAN ENGLISH a situation in which someone loses their job because their employer does not need them: » The downturn in business has resulted in many retrenchments.→ COMPARE REDUNDANCY(Cf. ↑redundancy) (NOT EMPLOYED)Thesaurus+: ↑Firing staff and being fired |