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The phrase "a retrenchment" is correct and usable in written English.
It can be used in contexts discussing reductions in costs, workforce, or resources, often in a business or economic setting.
Example: "The company announced a retrenchment of its workforce to cut costs amid declining sales."
Alternatives: "a cutback" or "a reduction".
Exact(60)
It is a retrenchment, not a referendum".
The third installation is a retrenchment.
"The Saint-Denis apartment might have been a retrenchment site for Abaaoud," said Mr Molins.
Mandelson is wrong: this isn't a change election, it is a retrenchment election.
The reinstatement of the Latin jazz category represents a retrenchment for the academy.
Many security experts believe that a retrenchment is inevitable and justified.
Has there been a retrenchment of basic freedoms since the early liberalization?
But Dell's statement is not the first sign of a retrenchment.
It also marked a retrenchment for William H. Donaldson, the chairman of the commission.
"It's definitely a retrenchment, as well as all the retrenchments they've gone through".
Because corporate spending remains moribund, a retrenchment by consumers would further hobble an already limping economy.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com