David (2011)  presents, retrenchment strategy occurs when an organisation regroups through cost and asset reduction to reserve declining sales and profits. Retrenchment is an act of cutting down or reduction, particularly of public expenditure political usage the word is familiar in its most general sense from. Full-text paper (pdf): retrenchment strategy in human resource management: the case of voluntary separation scheme (vss.
Synonyms for retrenchment at thesauruscom with free online thesaurus, antonyms, and definitions find descriptive alternatives for retrenchment. The process of making a business smaller is called downsizing or retrenchment however, is this the only strategy available for a failing. Abstract during the past three decades, many firms in developing market have embarked retrenchment strategy in order to defend firm.
In 2007, rolls royce decided to close down one of its manufacturing units in merseyside, uk this led to a large-scale retrenchment of its workforce. Retrenchment is a short-run renewal strategy designed to overcome organizational weaknesses that are contributing to deteriorating. Tata to shut 1 jlr plant rules out retrenchment and a new manufacturing strategy--to see through the next 12-18 months as markets recover. The retrenchment strategy is adopted when an organization aims at reducing its one or more business operations with the view to cut expenses and reach to a.
Employers must consider alternatives to retrenchment employers must consult all the relevant parties when considering worker retrenchment. Top reasons why some organisations are always retrenching, others never retrench “it takes nine months to make a baby, no matter how many people you put. Definition of retrenchment strategy: a strategy used by corporations to reduce the diversity or the overall size of the operations of the company this strategy is. Top executive leaves after disagreement over fiber strategy google fiber cuts expansion plans in eight large cities share this article.
Hosp health serv adm 1985 may-jun30(3):31-43 retrenchment strategies and tactics for healthcare executives muller hj, smith hl retrenchment is a. According to businessdictionary, a retrenchment strategy is appropriate in situations when a corporation needs to cut expenses with the goal of becoming. Retrenchment definition, the act of retrenching a cutting down or off, as by the reduction of expenses see more. Corporate retrenchment strategy takes its name from military trench warfare when its initial trench line gets threatened, an army will pull back and establish a .
Implementing retrenchment strategies: a comparison of state governments and public higher education marvin druker university of. 241 retrenchment process according to the labour laws of ghana retrenchment exercises as a strategy or a segment of operation arrangement. This paper examines the strategies and dilemmas faced by local employers and and trade union responses to local government retrenchment in britain.
Choice of retrenchment strategy christian elmelund-præstekær and michael baggesen klitgaard abstract the present study breaks new ground in the. Follwoing ways could be used to handle retrenchment in a company: plan a process wherein the managers are given appropriate training, the union is properly. Falling sales and falling profitability poor financial management increasing debt and a delay in publishing financial results reduced dividend and decreasing. Domestic political-fiscal crises in great powers can, under some of the circumstances we identify, prompt strategic retrenchment, destabilizing.