Retrenchment

Having retrenchment as a main alternative for the company to save its financial instability is never that advantageous for the employees. A company in the middle of retrenchment, or about to be retrenched, is basically one that is losing money and has to initiate layoffs and compound job loss in order to survive.  Company closure can result with too much retrenchment or economic slowdown.  The economy is currently in a retrenched state, and the forecasts are for both a turnaround by years’ end, or for extended doom and gloom.  It’s another word meaning the same bad thing; don’t let the conflagration of business terminology confuse you. Regardless, a lot of us would give quick payday loans to stem retrenchment.