Remove all grammatical errors from this text: Yet, despite such incentives being given out, many companies still chose to retrench those who fall under the older age group during the retrenchment period claiming that the elderly are less productive and effective.
The retrenchment period was a time when the government gave out incentives to the older people to retire.
Corrected: The retrenchment period was a time when the government gave out incentives to the older people to retire.
Corrected: The retrenchment period was a time when the government gave out incentives to the older people to retire.
Corrected: The retrenchment period was a time when the government gave out incentives to the older people to retire.
Corrected:
The retrenchment period was a period of economic recession in which many companies were forced to cut back on their production and cut back on their employee salaries.
Corrected: The retrenchment period was a period of economic recession in which many companies were forced to cut back on their production and cut back on their employee salaries.
Corrected: The retrenchment period was a period of economic recession in which many companies were forced to cut back on their production and cut back on their employee salaries