Retrenchment – is it time to change the game?

For many companies retrenchment is a necessary evil to ensure survival. It is a part of the facts-of life of the socio-economic scenario of the western world today. As the world economies experience recessions you may find yourself on the retrenchment list even if you are the only chartered accountant in the company. Yester-year’s version of a stable company no longer exists in this world where political boundaries have failed to stop the spreading of global recession.