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What do you mean by retrenchment? - Business Studies

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Question

What do you mean by retrenchment?

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Solution

Retrenchment is a permanent separation of an employee on the grounds of economic reasons.

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Chapter 12: Staff Separation - EXERCISES [Page 167]

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Goyal Brothers Prakashan Business Studies [English] Class 12 ISC
Chapter 12 Staff Separation
EXERCISES | Q I. C. 4. | Page 167
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