retrenchment

The company announced a retrenchment plan to reduce costs.

Many employees were affected by the retrenchment.

Retrenchment can be a difficult process for both employees and employers.

The retrenchment policy was met with resistance from the workers.

The retrenchment decision was made due to financial difficulties.

The retrenchment process may involve offering voluntary redundancy packages.

Retrenchment is often seen as a last resort for companies facing financial challenges.

The retrenchment exercise resulted in a smaller workforce.

Employees were given notice before the retrenchment took place.

The retrenchment strategy was implemented to streamline operations.