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Retrenchment

usgb/rɪˈtrentʃmənt/Volume
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Economic Stress

Use 'retrenchment' when a business cuts costs due to financial problems.

Illustration for Economic Stress
Small businesses often face retrenchment during recessions.
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Employee Impact

Retrenchment might imply laying off employees.

Illustration for Employee Impact
Due to retrenchment, the factory workers were worried about their jobs.
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Last Resort

Retrenchment is often used as a last option to save money.

Illustration for Last Resort
Only after all other measures failed, the firm considered retrenchment.
Visual representation of the word "Retrenchment"

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