Definition of retrenchment
WebRetrenchment definition, the act of retrenching; a cutting down or off, as by the reduction of expenses. See more. WebFeb 9, 2024 · February 9, 2024 by Fahad Usmani. Definition: A retrenchment strategy helps an organization reduce its operations or cut expenses to achieve a financially stable position. Businesses adopt retrenchment strategies due to economic downfall, losses, or legal issues. A retrenchment strategy can be used to downsize or restructure the business.
Definition of retrenchment
Did you know?
WebJun 28, 2013 · DEFINITION OF RETRENCHMENT • S. 2 (oo) of The Industrial Disputes Act, 1947 defines the term in the following words : • • (1) Retrenchment means the termination by the employer of the service of a workman ; • (2) The termination may be for any reason whatsoever; • (3) But the termination should not be as a measure of … 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 …
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 … Webretrenchment definition: 1. a situation in which a government, etc. spends less or reduces costs: 2. a situation in which…. Learn more.
WebRetrenchment (French: retrenchment, an old form of retranchement, from retrancher, to cut down, cut short) is an act of cutting down or reduction, particularly of public … WebRetrenchment 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 …
WebFebruary 2009, this definition applies in Slovakia and Slovenia. In Slovenia, it applies in addition to the above mentioned 30 day‐drelate thresholds, as per Slovenian law. ... Where retrenchment plans are required by law clients should ensure that the retrenchment plan is in line with regulatory requirements. ...
WebThe Strategy of Retrenchment and Its Consequences. Over the past decade or more, leading academic foreign policy realists have argued for US strategic retrenchment. Retrenchment is a strategy designed to … bitcoin betWebMay 8, 2024 · BURDEN OF PROOF. It is the employer who bears the onus of proving compliance with these requirements, retrenchment and redundancy being in the nature of affirmative defenses. The burden is on the employer to prove by substantial evidence the factual and legal basis for the dismissal of its employees on the ground of redundancy.. … darwin weather this weekWebtake the definition of retrenchment literally as the Supreme Court has done in the two recent judgments, it could be claimed on behalf of the workmen concerned that this was a case of retrenchment, because the action was not by way of disciplinary action nor covered by the three other exceptions as stated in the definition of retrenchment. darwin weather year roundWebJul 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 … darwin weed trimmer handleWebApr 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. darwin wellness northwoodWebDefine retrenchment. retrenchment synonyms, retrenchment pronunciation, retrenchment translation, English dictionary definition of retrenchment. n. 1. A cutting … bitcoin betting accountWebRetrenchment. 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 ... darwinwellness.co.uk/northwood/