Retrenching definition
WebRetrenching Meaning & Definition. Quickly Find Out What Does RETRENCHING Mean. Provided by Smart Define Dictionary. Smart Define. What is the meaning of Retrenching? … WebMar 5, 2024 · Retrenchment is a kind of downsizing of the workforce. During the process, the establishment reduces outgoing money or expenditures or redirects focus in an …
Retrenching definition
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Webretrenching definition: 1. present participle of retrench 2. If governments, companies, etc. retrench, they start spending…. Learn more. WebDefinition of retrench in the Definitions.net dictionary. Meaning of retrench. ... In some reigns, they are for a power and obedience that is unlimited; and in others, are for …
WebFeb 9, 2024 · February 9, 2024 by Fahad Usmani. Definition: A retrenchment strategy helps an organization reduce its operations or cut expenses to achieve a financially stable … WebThe prevailing norm is to pay a retrenchment benefit of between 2 weeks to 1 month salary per year of service, depending on the company’s financial position and the industry. In …
WebDefine retrenchment. retrenchment synonyms, retrenchment pronunciation, retrenchment translation, English dictionary definition of retrenchment. n. 1. A cutting down or back; … WebMay 11, 2024 · Definition of Retrenchment Retrenchment is to reduce the amount of corporate expenses. When a company/firm implements retrenchment, it cuts off or minimises all the unnecessary expenditures, …
WebDefinition of retrenching in the Definitions.net dictionary. Meaning of retrenching. Information and translations of retrenching in the most comprehensive dictionary …
WebRetrenchment definition, the act of retrenching; a cutting down or off, as by the reduction of expenses. See more. headphone airpods maxWebFind and lookup the definition, synonyms, and antonyms of the word RETRENCHING in our free online dictionary! ... Definition of RETRENCHING verb : RETRENCHING Source: … gold seal management incWebRetrenchment simply means. “ the discharge of surplus labour or staff by the employer for any reasons whatsoever otherwise than as a punishment inflicted by way of disciplinary action ”. This is as per S. K Das J in Hariprasad v Divelkar AIR [1957] SC 121. Some employers may call it ‘ downsizing ‘, ‘ rightsizing’, ‘reorganizing ... headphone amp appWebRetrenchment Strategy. Definition: 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 … gold seal mechanicalWebJul 10, 2024 · In summary, the Ministry stated :-. There must be genuine reasons for such retrenchment. Employers must have exhausted other means before the retrenchment … gold seal margarineWebRETRENCHMENT. Retrenchment is a form of dismissal. However, it’s not due to a fault on the side of the employee (for example poor work performance).It is a process wherein the … gold seal notary njWebDefinition of retrenching in the Definitions.net dictionary. Meaning of retrenching. Information and translations of retrenching in the most comprehensive dictionary definitions resource on the web. headphone amp 6 channel