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retrench

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verb retrench pronunciation in British English /rɪˈtrentʃ/ 
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present tense
I/you/we/theyretrench
he/she/itretrenches
present participleretrenching
past tenseretrenched
past participleretrenched
  1. 1
    [intransitive] to reduce costs or the amount that you spend, in order to save money

    Competition from cheaper imports is forcing manufacturers to retrench.

derived word

retrenchment

 retrench pronunciation in British English  noun [countable/uncountable]
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singularretrenchment
pluralretrenchments

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