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retrench

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verb British English pronunciation: retrench /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

 British English pronunciation: retrenchment  noun [countable/uncountable]
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singularretrenchment
pluralretrenchments

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