retrenchverb
uk/rɪˈtrentʃ/us/rɪˈtrentʃ/[ I ] formal If governments, companies, etc. retrench, they start spending less money, or reducing costs:
The company had to retrench because of falling orders.
[ T ] Australian English to remove a worker from their job as a way of reducing costs
Thesaurus: synonyms and related words
Economics
- autarchy
- broad money
- Chancellor of the Exchequer
- consumer price index
- credit crunch
- deflate
- depressed
- downturn
- economist
- GDP per capita
- GNI
- hyperinflation
- market forces
- mixed economy
- pecuniary
- protectionism
- retail price index
- spending
- stall
- trade figures
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Firing staff