Definition Of retrench

verb

(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.


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