Definition Of retrench
(of a company, government, or individual) reduce costs or spending in response to economic difficulty.
as a result of the recession the company retrenched
Example Of retrench
Although companies began to cut back this year, many avoided drastic retrenchment , hoping the economy would soon recover.
As profits are squeezed, firms are forced to retrench .
At some point, one argument runs, households will have to retrench , slowing consumption and therefore economic growth.
At the same time, the Inuit Art Foundation closed its art boutique in downtown Ottawa and retrenched its activities and sales in suburban Nepean.
By necessity, economies will have to retrench and become more local, more self-centered.