Revlon closing its manufacturing plant in France and laying off 5 percent of its workforce is an example of

Name: Revlon closing its manufacturing plant in France and laying off 5 percent of its workforce is an example of
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

Retrenchment refers to the process of downsizing or reducing the size of a company's operations, usually by cutting costs and laying off employees. Revlon's decision to close its manufacturing plant in France and lay off 5 percent of its workforce is a clear example of retrenchment.

Revlon Closing Its Manufacturing Plant in France and Laying Off