Retrenchment is a process used by companies to reduce their workforce by terminating the employment of employees for reasons such as business downturns, restructuring, or the need to reduce costs. Retrenchment is a significant decision that can have a major impact on both employees and the organization as a whole, and it is typically carried out as a last resort when other measures, such as redeployment or retraining, have been unsuccessful in addressing the organization’s needs.
