[ I ] formal If governments, companies, etc. retrench, they start spending less money, or reducing costs:
[ T ] Australian English to remove a worker from their job as a way of reducing costs
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Economics
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[ I ] MANAGEMENT, FINANCE if governments, companies, etc. retrench, they start spending less money, or reducing costs:
[ T ] Australian English HR, WORKPLACE to remove a worker from their job as a way of reducing costs:
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