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Giveback
(redirected from Givebacks)

    Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
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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Administrative and classified employees in all three districts agreed to roughly proportional givebacks - though not necessarily unpaid days.
Survey heralds school squeeze by The Register-Guard (Eugene, OR)
Coinciding with the 20 percent school givebacks, the Jamba Juice mascot, Bananaman, will be road-tripping across greater Los Angeles in his Jamba Bananavan passing out thousands of free smoothies, buy-one, get-one-free coupons and job applications at schools, college athletic games, community events and random public forums along the way.
BARGAIN HUNTER by Daily News (Los Angeles, CA)
He suggested that town employees - given that councilors had reduced councilor stipends from $2,000 each to $100 - submit to voluntary givebacks.
A `bite the bullet' budget emerges from session; Livengood: A cut in ... by Telegram & Gazette (Worcester, MA)
 
 
 
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