retrenchment
noun [ C or U ] uk/rɪˈtrentʃ.mənt/ us/rɪˈtrentʃ.mənt/
削减费用;紧缩开支
a situation in which a government, etc. spends less or reduces costs
In retrenchment, central government may seek to limit the total expenditure of all local governments for economic stabilization.
Experts see a major retrenchment coming from consumers.
Australian English or South African English裁减工人
a situation in which someone loses their job because their employer does not need them
The downturn in business has resulted in many retrenchments. 商业活动低迷，导致大量裁员。
Facing retrenchment can be a frightening experience.
Synonym: redundancy (NOT EMPLOYED)
- More examples
- The worsening economic environment has seen a sharp retrenchment in electronics sales.
- Plans for such a significant fiscal retrenchment come at a vulnerable time for the world economy.
- Bank employees have suffered from mass retrenchments.
- One fifth of the sample had experienced unemployment through retrenchment in the manufacturing industries.