giveback
1
6.7
- noun
- /ˈɡɪvˌbæk/
- Jargon
:
concesión
- The president seems to think in terms of the inexorable logic of the business cycle; the American people are thinking about other aspects of economic life: inroads by Japanese products and investment, corporate "restructuring" that means jobs lost forever, the flight of manufacturing jobs to other countries, the erosion of wages in this country, annual "givebacks" to employers in the form of paying more for less health-care coverage, and the Los Angeles riots.
- union givebacks
- million in givebacks
Examples
-
During tough financial times, employees often face givebacks in their contracts as part of negotiations with employers.
-
Given a choice of more givebacks or no jobs, the unions made their choice.
Blog text (30) -
I remember one contract year at my husband's job when the company wanted some givebacks, crying poor.
Blog text (11) -
Taken private, union givebacks combined with lackluster management couldn't save it.
Blog text (30) -
If we're in the black, I'll return part of the givebacks... salaries go back to their present level... and we initiate an employee profit-sharing program... with stock.
-
In order to ensure job security, the workers agreed to some givebacks during the negotiations.
-
The management proposed several givebacks, including reduced health benefits and wage cuts, to stay competitive.
Synonyms
7
4.8
A cut in prices or wages to an earlier level
1
7.5
A benefit workers give up in an agreement to save the company money
Antonyms
How Large
Surface Forms
Morphology
Etymology
Giveback is formed from give and back, and here it means workers 'give back' part of their pay or benefits to help the company. So a giveback is a reduction in pay or benefits that employees agree to.