Learn about the meaning, exceptions, reasons, requirements, procedure and criteria of retrenchment in labour law in India. Retrenchment is the termination of an employee's service for economic or business reasons, not for disciplinary action. Learn about the definition, requirements and exceptions of retrenchment in India under the Industrial Disputes Act, 1947 and other laws. Find out how to comply with the legal procedures and avoid disputes when terminating employees for any reason. RETRENCHMENT definition: 1. a situation in which a government, etc. spends less or reduces costs: 2. a situation in which…. Learn more. The term Retrenchment in India means permanent termination of the employment of the employee by his employer.
