Friday, February 5, 2010

Say no to retrenchment

Retrenchment is a corporate-level strategy that seeks to reduce the size or diversity of an organization's operations. Retrenchment is also a reduction of expenditures in order to become financially stable.
To reduce retrenchment:
  • One reduce the benefits and allowances of all the staff
  • May move the retrenched staff to any sister concern
  • May help in finding another work for them

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