The Open Dictionary

retrenchment

名詞

UK/rɪˈtrentʃ.mənt/
US/rɪˈtrentʃ.mənt/

定義 retrenchment 名詞

  1. CountableUncountable

    A situation where an organization, such as a government, reduces its spending or cuts costs.

    • Under a policy of retrenchment, the central government might attempt to limit the overall spending of local governments to stabilize the economy.

    • Experts anticipate a significant period of retrenchment from consumers.

    • The company is planning a retrenchment program to cope with declining profits.

  2. CountableUncountable

    A situation where someone loses their job because their employer no longer needs them.

    • The company restructuring resulted in numerous retrenchments.

    • Facing a potential retrenchment can be a very unsettling experience.

    • Retrenchment is a common occurrence during times of economic downturn.