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With total losses from stockmarkets and falling house-prices already in the trillions, it was certain that the retrenchment process would be protracted and require several years before the balance sheets of wage earners, entrepreneurs and retirees would be restored to anything near normality.
Collectivism transforms to businesses as well where the selection of an employee to an retrenchment process is likely to involve group decision making.
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It makes no sense to embark on a programme of fiscal retrenchment until the process of recovery is assured.
However, not all processes are retrenchment oriented; Cefis and Marsili (2005) emphasize that growth-oriented process innovations particularly have a strong effect on survival chances.
Where the process of retrenchment is too swift, it will be hard to refinance some existing debts.
The band is being called Broken Bells for now, and there's talk that Mercer may bring songs that were originally intended for the Shins, who are in a process of radical retrenchment; the drummer and keyboard player were recently released and replaced.
As the framework used in the article at hand focuses on turnaround strategies' implementation, the process dimension is subdivided into "retrenchment" and "recovery" (Barker and Duhaime 1997).
And as the government begins its abrupt retrenchment, the implications, complications and confusions in the process are beginning to emerge.
However, various process models can be decomposed into principal retrenchment and subsequent recovery phases (Eichner 2010).
Thus, organizational process restructuring is most effective when implemented during the retrenchment phase of corporate turnaround, even when defined as stabilizing and growth oriented (Eichner 2010).
But the process was slower than they anticipated and coincided with a retrenchment at studios and production companies, which were closing or downsizing specialty divisions that had been financing quirky low-budget films.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com