Definition of retrenchment
Webretrenchment translate: 削減費用；緊縮開支, 裁減工人. Learn more in the Cambridge English-Chinese traditional Dictionary. WebApr 7, 2009 · Fiscal retrenchment means that a government has to introduce deflationary fiscal measures designed to reduce the amount of borrowing and debt that has been run up during the downturn and economic/financial crisis. Ultimately fiscal retrenchment can be achieved in one of two ways. (1) Raising indirect and direct taxation. (2) Making cuts in …
Definition of retrenchment
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WebRetrenchment Strategy. Definition: 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 more stable … WebRetrenchment. Definition: Retrenchment is a situation involving permanent termination or discharge of an employee’s services by an employer for any reason whatsoever. It is …
WebThe meaning of RETRENCHMENT is reduction, curtailment; specifically : a cutting of expenses. WebDefine retrenchment. retrenchment synonyms, retrenchment pronunciation, retrenchment translation, English dictionary definition of retrenchment. n. 1. A cutting …
WebBritannica Dictionary definition of RETRENCH. [no object] formal. : to change the way things are done in order to spend less money. When the economy slowed, the company … WebThe 26-year-old will remain available for selection after the World Cup along with the other English players such as Sam Simmonds and Jack Nowell who will be joining French clubs this summer ...
WebJul 14, 2024 · The term retrenchment can be referred to as the permanent termination of the employment of the employee or a worker by his or her employer for any reason or circumstance, but other than disciplinary …
WebNov 16, 2015 · It may be noted that the ID Act states that termination by way of retrenchment can be for any reason whatsoever.The Supreme Court in Delhi Cloth and General Mills Co. Ltd. v. Sambu Nath Mukerji and others also followed this interpretation of the definition and held that even "striking off the name of the workman from the rolls" for … individual flushable wipes packetsWebJul 1, 2024 · Retrenchment in Singapore: Employer Obligations. Last updated on July 1, 2024. Retrenchment is the termination of permanent or term contract employees (of at least 6 months) because of redundancy or reorganisation of the employer’s profession, business, trade or work. This process, when carried out, is known as a retrenchment exercise. individual foil wrapped butterWebRetrenchment. As the construction of the North American transcontinental railroad neared completion in the late 1860s, Church leaders were apprehensive about how it would influence the spiritual and economic lives of Latter-day Saints in pioneer Utah. 1 During a tour of southern Utah settlements, Brigham Young became worried that some Church ... individual followed by singular or pluralWebretrenchment meaning: 1. a situation in which a government, etc. spends less or reduces costs: 2. a situation in which…. Learn more. individual folding tubular legWebApr 23, 2024 · THE INDUSTRIAL RELATIONS CODE, 2024. Pursuant to relevant provision of the IRC “retrenchment” means the termination by the employer of the service of a worker for any reason whatsoever, otherwise than as a punishment inflicted by way of disciplinary action, but does not include—. (i) voluntary retirement of the worker; or. lodge residence hall obu tourWebIt goes without saying that retrenchment is subjected to scrutiny by the Industrial Court of Malaysia. For whatever the reasons a retrenchment exercise was carried out, these are 4 basic legal principles that every employers or employee should know. #1. Redundancy as Precondition for Retrenchment. In other word, redundancy or surplus of labour ... individual fold up sot ikea matressWebMeaning of retrenchment. What does retrenchment mean? Information and translations of retrenchment in the most comprehensive dictionary definitions resource on the web. lodge resort and spa cloudcroft