Hamaguchi promoted retrenchment, deflation and the rationalization of industry. He knew that its abolition depended on a considerable retrenchment in government expenditure. Simultaneous worldwide contraction of markets led to severe retrenchment. Budget cuts totaling nearly 10 percent, coupled with an enrollment shortfall, led to significant retrenchment. A layoff is also known as a retrenchment in (South African English). In the 1960s the town began to see a decline due to massive retrenchment. They end with the more recent saga of retrenchment, merger, and abandonment. His rule was a period of retrenchment and consolidation for the Empire. The deep retrenchment planned by his brother was not enacted, but economies were still made. Most practitioners even mention, that a successful turnaround without a planned retrenchment is rarely feasible. After the war there was considerable retrenchment. The NFL was just emerging from its wartime retrenchment. Even during this period of severe retrenchment, BCal continued launching scheduled services to new destinations. Piero recognized the approaching problems, and tried to begin a "policy of retrenchment". After the war came another period of retrenchment.