Retrenchment

Retrenchment refers to the process by which an organization reduces its workforce due to various reasons, such as economic downturns, technological changes, restructuring, or financial difficulties. It typically involves the termination of employees' contracts or the reduction of their working hours, often resulting in job losses for affected individuals. Retrenchment is a significant decision for any organization and is usually undertaken as a last resort after other alternatives, such as attrition, hiring freezes, or voluntary separation schemes, have ________ __________ _____ _____ ___ __________ ___ ____ _________.
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