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What does retrenched mean?

Looking for the meaning or definition of the word retrenched? Here's what it means.

Verb
  1. simple past tense and past participle of retrench
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Examples
But if a person is retrenched in one garment factory, we will offer him or her to another garment factory.
The government has taken adequate care to protect the labour interests stipulating attractive compensation package when retrenched.
He said in an interview from Chisamba that three top management staff had also been retrenched.
Consumers retrenched, cutting back on spending and saving huge sums to protect themselves.
At the same time, the Inuit Art Foundation closed its art boutique in downtown Ottawa and retrenched its activities and sales in suburban Nepean.
Taking on a mortgage and a child when the remaining breadwinner is likely to be retrenched at any moment is a large risk.

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