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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.
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Collectivism transforms to businesses as well where the selection of an employee to an retrenchment process is likely to involve group decision making.
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).
The retrenchment is frightening.
The retrenchment has hurt morale among lower-tier workers.
But there is good reason to believe the retrenchment represents a structural change.Retrenchment need not be disastrous.
The retrenchment in financial shares has already begun.
The retrenchment could make it more difficult for some potential buyers to get car loans.
Their growth has been helped by the retrenchment of some international banks in recent years.
The rise of the agreements resembles the retrenchment of the American newspaper industry, but it has been far less publicized.
In the United States, the retrenchment in spending indicates consumers may be starting to feel the effect of higher taxes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com