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- RETRENCHMENT Definition Meaning - Merriam-Webster
The meaning of RETRENCHMENT is reduction, curtailment; specifically : a cutting of expenses
- RETRENCHMENT | English meaning - Cambridge Dictionary
RETRENCHMENT definition: 1 a situation in which a government, etc spends less or reduces costs: 2 a situation in which… Learn more
- Retrenchment : Meaning, Definition and Requirements of valid retrenchment
Retrenchment means termination of service of a workman by the employer by any reason but other than punishment or disciplinary action In simple words, if an employer discharges or removes any workman or staff member on the ground of surplus labor or staff, but not as a disciplinary action it is called retrenchment
- What is a Retrenchment strategy: Explained with types examples
Retrenchment is a corporate-level strategy that involves reducing the size, scope, or diversity of a company’s operations Retrenchment aims to improve the company’s financial performance by cutting costs, streamlining operations, and focusing on core business activities
- Retrenchment Process and Procedure | QuickLaw Guide - LegalWise
Retrenchment is a form of dismissal due to no fault of the employee, it is a process whereby the employer reviews its business needs in order to increase profits or limit losses, which leads to reducing its employees
- A Guide To Retrenchment In Labour Law - restthecase. com
Learn about retrenchment in labor law, its causes, legal rights, and employee compensation Understand the process, legal provisions, and protections for retrenched employees
- What is the difference between redundancy and retrenchment?
Redundancy and retrenchment are two terms that are sometimes confused by employers and employees Redundancy occurs when a specific role is no longer required because of operational changes within a business
- Retrenchment: Definition, Causes HR Best Practices - peoplehum
1 What is retrenchment compensation? Retrenchment compensation is the money paid to workers when they lose their jobs because the company is reducing its workforce It helps the employees manage their expenses until they find a new job 2 What is retrenchment in labour law?
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