retrenchment

IPA: ritrˈɛntʃmʌnt

A curtailment or reduction.
(specifically) An act of reducing expenses; economizing.
(specifically) An act of terminating the employment of a worker or making an employee redundant, often to reduce expenses; a layoff.
(by extension) Withdrawal.
(military, dated) A defensive work constructed within a fortification to make it more defensible by allowing defenders to retreat into and fight from it even after the enemy has taken the outer work.
(especially politics) The adoption of a defensive and hostile posture; refusal to compromise, radicalization.

Examples of "retrenchment" in Sentences

The union is protesting against what it calls the retrenchment of 30 teachers in the sprawling township.
Some retrenchment is suggested by Edward's household later sharing accommodation with Elizabeth and Mary.
Mining contractor planned to retrench 657 of its employees, bringing its number of retrenchments this year to 1397.
However, the alliance would necessitate the short-term retrenchment of some Airlink cabin staff and cut-backs in cockpit personnel.
The cuts may not be only a temporary downsizing, but rather a long-term retrenchment of the nation's second-largest transit system.
Additionally, this long-term retrenchment measure illustrates that the Conservatives are beginning to think in terms of governing rather than opposing.
Yes, there must be short-term retrenchment, sacrifices by management and labor, termination of unprofitable product lines and hard choices that must be shared by all.
HARRIS: All right, as we try to get more familiar with this Greenspan lexicon, he mentioned the word retrenchment maybe 10, 15, 20 times in the span that we listened to yesterday.
But If American consumers are in long-term retrenchment mode, a value-added tax that discourages consumption and encourages savings will further depress the consumer-spending component of GDP.