Definition of retrenchment noun from the Oxford Advanced Learner's Dictionary

     

    retrenchment

     noun
    noun
    BrE BrE//rɪˈtrentʃmənt//
     
    ; NAmE NAmE//rɪˈtrentʃmənt//
     
    (formal)
     
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  1. 1[uncountable] the policy of spending less money; a deliberate reduction of costs a period of retrenchment
  2. 2[uncountable, countable] (Australian English, New Zealand English, South African English) the situation when somebody has to leave their job because there is no more work available for them synonym redundancy (1) The retrenchments are with effect from 1 August this year.