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Retrenchment

rɪˈtrɛn(t)ʃm(ə)nt

Retrenchment definitions
noun
retrenchment retrenchments
  1. the reduction of costs or spending in response to economic difficulty

    "this period of retrenchment will see companies shed staff"

    • the action of making an employee redundant

      "he ordered the retrenchment of 420 civil servants"

    • reduction in the extent or quantity of something

      "the retrenchment of the welfare state"