retrench /rɪˈtrɛntʃ/ ( retrenching, retrenched, retrenches )

• 1. 

  V-I If a person or organization retrenches, they spend less money. 紧缩开支 [正式]

  例：

  Shortly afterwards, cuts in defence spending forced the aerospace industry to retrench.

  此后不久，国防开支的削减迫使航空航天业紧缩开支。