German industry's pride and strength were dealt another blow today when the country's premier maker of consumer electronics, Grundig A.G., announced a severe retrenchment.

Belgium has a higher per-capita national debt than any other country in Europe, and the Maastricht Treaty, which sets debt limits, is forcing especially severe retrenchments here.

However, the late 1980s has seen the UK housing market enter a much less buoyant phase, with the result that the estate agency sector has entered a period of severe retrenchment.

Nor would adoption of a tariff obviate the need for economies, given that the Conservatives insisted upon severe retrenchment, whether combined with a tariff or not.

In addition, minorities are outpacing their gains from the 1980's because that period was marked by severe retrenchment in the manufacturing sector, where black workers tended to be concentrated.

Yale tried to make the most severe retrenchment when a special committee recommended that the faculty be cut, that whole academic departments, including linguistics, be eliminated and that several others, including sociology, be reduced.

Simultaneous world-wide contraction of markets lead to severe retrenchment.

Even during this period of severe retrenchment, BCal continued launching scheduled services to new destinations.

Ironically, however, these years of expansion also ushered in a period of severe retrenchment, when the debt burden of the new structures coincided with a recession and cuts in state aid to the campus.

In plain language it meant that there could be no public loan unless the British Government was prepared to commit itself to severe retrenchment, including a cut of ten per cent in unemployment benefits.