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giveback
(redirected from Givebacks)

    Also found in: Dictionary/thesaurus, Wikipedia 0.13 sec.
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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Unions in any industry are loath to contemplate givebacks.
Strike phobia: school boards need to drive a harder bargain by West, Martin R. / Education Next
The concessionary contract from the pilots union calls for $358 million in givebacks, while Northwest, the No.
BRIEFCASE by Daily News (Los Angeles, CA)
for $280 million in annual givebacks violates US bankruptcy law and should be blocked.
Company Watch - Delta Air Lines by Airguide Online
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