retrenchment


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re·trench·ment

(rē-trench'ment),
The cutting away of superfluous tissue.
[F. re-, back, + trancher, to cut]

re·trench·ment

(rē-trench'mĕnt)
The cutting away of superfluous tissue.
[F. re-, back, + trancher, to cut]

retrenchment

[Fr. retrenchier, to cut back]
1. A budgetary reduction; a cutback in the amount of funds allocated for a purpose.
2. A procedure used in plastic surgery to remove excess tissue.
References in periodicals archive ?
By retrenchment we mean measures which aim to reduce expenditure while remaining within the broad parameters of the inherited system; by reform, we mean large-scale redesign of benefits.
I think we have done well because in Zimbabwe we still have the lowest inflation in the region right now - at less than three percent - but our retrenchment exercise affected our earnings," he added.
The second and largest part explores the dynamics of welfare state retrenchment during the Reagan and Clinton years.
Penda Kiiyala, the General Manager for External Relations and Communities at Rossing Uranium said the retrenchment exercise, which was announced early March, will soon be finalised as a number of people have exercised the option of a voluntary exit package.
Moody's believes that a short-term liquidity squeeze among GCC banks that would result from European banks' retrenchment could in some cases be moderated through temporary liquidity support from governments, central banks as well as the GCC banks' improved liquidity positions since the last "crunch" in 2009.
Louis von Zeuner, the banking group's deputy chief executive officer, said, 'We have no mass retrenchment programme in place.
Retrenchment and other related problems raised are not just specific to PJV, but are likely to be experienced by other large PNG gold mines in the foreseeable future.
Patel was responding to a question government has plans for retrenchment or voluntary retirement of the employees.
He also explained clearly that retrenchment for some workers is unavoidable and that fair compensation would be given.
The New Year spirit was decidedly muted among UK constructors, amid reports of evertoughening market conditions - further falls in global demand resulted in the most severe retrenchment in the PMI's 11-year history," said Roy Ayliffe, director of professional practice at CIPS.
The New Year spirit was decidedly muted among UK constructors amid reports of ever toughening market conditions - further falls in global demand resulted in the most severe retrenchment in the PMI's 11-year history," said Roy Ayliffe, director of professional practice at CIPS.