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What is Retrenchment? Retrenchment is a process of reducing employees by terminating them from the workforce. Organizations often have to take this decision due to following reasons like business downturns, restructuring, or the need to reduce costs. It mainly involves reducing the workforce due to downsizing the number of employees for balancing the operation of the business and maintaining the business profit. Retrenchment Strategy, The Industrial Dispute Act,1947 As per the Industrial ... This article shares details on the various labour laws for retrenchment clarifies the complexities of retrenchment in labour law for HR specialists, employers, workers, and legal specialists alike. RETRENCHMENT definition: 1. a situation in which a government, etc. spends less or reduces costs: 2. a situation in which…. Learn more. 1) Meaning of Retrenchment Retrenchment means termination of service of a workman by the employer by any reason but other than punishment or disciplinary action. In simple words, if an employer discharges or removes any workman or staff member on the ground of surplus labor or staff, but not as a disciplinary action it is called retrenchment. 2) Definition of Retrenchment : The Definition of the term Retrenchment as given in Section 2 (oo) of the Industrial Dispute Act 1947 is exhaustive and ...
