giveback

give·back

G0135800 (gĭv′băk′)n.1. A concession made by a labor union during contract negotiations: "The contract ... which called for a giveback of five sick days, was defeated by a ratio of more than 2 to 1" (New York Times).2. Something that is rebated or returned: a tax giveback.

giveback

(ˈɡɪvˌbæk) n (Commerce) commerce US a reduction in wages in return for some other benefit, in time of recession

give′back`

or give′-back`,

n. 1. (in union negotiations) a reduction in employee wages or benefits conceded by a union in exchange for other benefits or in recognition of depressed economic conditions. 2. something returned, rebated, etc. [1975–80]

giveback

Giveback

The surrender of benefits or wages by the employees of a company. That is, a giveback occurs when the management persuades the workers to agree to a reduction in wages and/or benefits. Givebacks reduce a company's overhead and, for that reason, tend to please shareholders. However, critics maintain that they are bad for the company's long-term sustainability. See also: Labor relations.

giveback

The relinquishment by employees of certain existing benefits or contract provisions. For example, many companies engaged in manufacturing have asked for employee givebacks on the premise that lower costs are needed in order for the companies to be more competitive with foreign producers. Givebacks are good news for investors because they result in higher profits or smaller losses for the company obtaining the concessions.

单词	giveback
释义	giveback give·back G0135800 (gĭv′băk′)n.1. A concession made by a labor union during contract negotiations: "The contract ... which called for a giveback of five sick days, was defeated by a ratio of more than 2 to 1" (New York Times).2. Something that is rebated or returned: a tax giveback. giveback (ˈɡɪvˌbæk) n (Commerce) commerce US a reduction in wages in return for some other benefit, in time of recession give′back` or give′-back`, n. 1. (in union negotiations) a reduction in employee wages or benefits conceded by a union in exchange for other benefits or in recognition of depressed economic conditions. 2. something returned, rebated, etc. [1975–80] giveback Giveback The surrender of benefits or wages by the employees of a company. That is, a giveback occurs when the management persuades the workers to agree to a reduction in wages and/or benefits. Givebacks reduce a company's overhead and, for that reason, tend to please shareholders. However, critics maintain that they are bad for the company's long-term sustainability. See also: Labor relations. giveback The relinquishment by employees of certain existing benefits or contract provisions. For example, many companies engaged in manufacturing have asked for employee givebacks on the premise that lower costs are needed in order for the companies to be more competitive with foreign producers. Givebacks are good news for investors because they result in higher profits or smaller losses for the company obtaining the concessions.
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