Meaning of retrenchment
WebMay 12, 2024 · Retrenchment is a term used to describe when a business decides to significantly cut or scale-back its activities. Retrenchment might occur when one or more of the following happen to a business: Reduce … http://api.3m.com/retrenchment+compensation+meaning
Meaning of retrenchment
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Web“Although the package is the same or similar to what was used for calculating previous retrenchment packages, it does not mean that the employee has been retrenched in terms of section 34 of the ... WebMeaning of retrenchment. What does retrenchment mean? Information and translations of retrenchment in the most comprehensive dictionary definitions resource on the web.
WebDefinitions of retrenchment. noun. the reduction of expenditures in order to become financially stable. synonyms: curtailment, downsizing. see more. noun. entrenchment … WebAug 25, 2024 · Retrenchment: Meaning: A layoff can be defined as the inability, refusal or failure of the employer to provide employment to the workman whose name is borne on the muster roll of his industrial establishment due to the shortage of coal, raw materials, power, and breakdown of machinery or accumulation of stocks, natural calamity or any other ...
Webretrenchment / ( rɪˈtrɛntʃmənt) / noun the act of reducing expenditure in order to improve financial stability an extra interior fortification to reinforce outer walls WebRetrenchment compensation is a monetary relief that employers pay their employees for termination of their service for reasons other than disciplinary action. This detailed guide will help readers gain in-depth knowledge about this monetary benefit which is a right that is enjoyed by terminated employees as per Indian laws.
WebA rampart or breastwork within the main fortification. (military, dated) A defensive work constructed within a fortification to make it more defensible (by allowing defenders to …
WebRetrenchment simply means “ the discharge of surplus labour or staff by the employer for any reasons whatsoever otherwise than as a punishment inflicted by way of disciplinary action ”. This is as per S. K Das J in Hariprasad v Divelkar AIR [1957] SC 121. uob bank balance transferWebJun 24, 2024 · How to implement retrenchment strategies. Below are steps you can follow to use a retrenchment strategy: 1. Select productive professionals. Selecting the most … uob bank code listingWebJun 24, 2024 · How to implement retrenchment strategies. Below are steps you can follow to use a retrenchment strategy: 1. Select productive professionals. Selecting the most productive professionals at your organization can help show others the best practices being used and can help you restructure your organization. The most productive professionals … record macbook sound card audacityWebMeaning of retrenchment in English retrenchment noun [ C or U ] us / rɪˈtrentʃ.mənt / uk / rɪˈtrentʃ.mənt / a situation in which a government, etc. spends less or reduces costs: In … record macro google sheetsWebApr 14, 2024 · Currently, in Singapore, there is no overarching law that statutorily protects retrenched workers. The benefits upon retrenchment depend on the company’s policy of severance package and retrenchment benefits as well as your terms of contract of employment. The terms in the employment contract outline the details of the employment … record macro in edgeWebentrenchment definition: 1. the process by which ideas become fixed and cannot be changed: 2. the process by which ideas…. Learn more. uob bank country keyWebretrenchment See definition of retrenchment on Dictionary.com as in depression as in diminishment as in diminution as in economy as in lack as in reaction as in shortening as in thriftiness synonyms for retrenchment Compare Synonyms bankruptcy bust crash crisis deflation dislocation downturn drop failure inactivity inflation overproduction panic record mailers staples