Meaning of retrenchment
WebDefinition: The Retrenchment Strategy is adopted when an organization aims at reducing its one or more business operations with the view to cut expenses and reach to a more stable financial position. WebRetrenchment definition: Retrenchment means spending less money. Meaning, pronunciation, translations and examples
Meaning of retrenchment
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Webretrenchment noun the reduction of expenditures in order to become financially stable Synonyms curtailment, downsizing entrenchment consisting of an additional interior fortification to prolong the defense Description Retrenchment is an act of cutting down or reduction, particularly of public expenditure. Also see "Retrenchment" on Wikipedia WebDefinition: Retrenchment is a situation involving permanent termination or discharge of an employee’s services by an employer for any reason whatsoever. It is forced on both …
Web“Although the package is the same or similar to what was used for calculating previous retrenchment packages, it does not mean that the employee has been retrenched in terms of section 34 of the ... WebDefinitions of retrenchment. noun. the reduction of expenditures in order to become financially stable. synonyms: curtailment, downsizing. see more. noun. entrenchment …
WebJun 28, 2013 · INTRODUCTION • MEANING OF RETRENCHMENT : • Retrenchment means the discharge of surplus labour or staff by the employer for any reason whatsoever, otherwise than by way of punishment inflicted as a measure of disciplinary action. • The words ‘ for any reason whatsoever’ are the key words. It implies that the discharge of … WebRetrenchment is a strategy designed to reduce a country’s international and military costs and commitments. [1] This can be done by cutting defense spending, withdrawing from certain alliance obligations, scaling back on deployments abroad, or …
WebWhat is Retrenchment? Retrenchment is one of the ways companies use to terminate employees when the company is forced to downsize its number of employees. …
Web1. What is retrenchment? Retrenchment is a form of dismissal due to no fault of the employee, it is a process whereby the employer reviews its business needs in order to … sman 1 trawasWebJul 30, 2024 · retrenchment (n.) 1580s in the military sense of "interior defensive works;" see retrench (v.1) + -ment . In the sense of "action of lopping off or pruning" it is attested from … hildesheim regionalplanWebre·trench·ment 1 (rĭ-trĕnch′mənt) n. 1. A cutting down or back; reduction. 2. A curtailment of expenses. re·trench·ment 2 (rĭ-trĕnch′mənt) n. The act of consolidating one's strength, as … sman 1 patianrowoWebretrenchment. noun [ C or U ] uk / rɪˈtrentʃmənt / us. MANAGEMENT, FINANCE. the act of spending less or reducing costs: The closures will be the first substantial retrenchment at … hildesheim resortWebDifferences in meaning between Retrenchment and Redundancy. What is the differences in the meaning or definition of Retrenchment and Redundancy? Department of Labor and Employment (DOLE) issued Department Order 147, series of 2015 has defined the terms. sman 1 purworejoWebFebruary 2009, this definition applies in Slovakia and Slovenia. In Slovenia, it applies in addition to the above mentioned 30 day‐drelate thresholds, as per Slovenian law. ... Where retrenchment plans are required by law clients should ensure that the retrenchment plan is in line with regulatory requirements. ... hildesheim rose bush germanyWebretrenchment / ( rɪˈtrɛntʃmənt) / noun the act of reducing expenditure in order to improve financial stability an extra interior fortification to reinforce outer walls hildesheim rewe city