giveback


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Related to giveback: grievance procedure

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.
References in periodicals archive ?
Support from Katie's Giveback Tuesday will provide vision exams and prescription eyeglasses for St.
A release from Cranford-based communications and marketing agency Jaffe Brownstein Strategies states that Hoboken Land Building LP and Hoboken Holdings LP the owners of property directly across the street from the proposed hotel sued the city, challenging the resolution that approved the giveback payments.
We also agree with other commentators that the company's promised (https://www.carriermanagement.com/features/2018/06/15/180496.htm) Giveback to policyholders' charities of (https://www.lemonade.com/blog/lemonade-giveback-2018/) 1.6 percent of premium for the latest year seems cynical.
The GiveBack promo is currently available to United States customers.
"In recognition of Earth Day, we are making it as simple as possible for our customers to recycle devices and do something good for the planet through Apple GiveBack. We're also thrilled to introduce Daisy to the world, as she represents what's possible when innovation and conservation meet."
He said in the morning shootaround: "You always want to try to give some giveback. That's the competitive nature."
All 63 Beasley owned-and-operated radio stations will participate in the community giveback.
The startup's "2017 Giveback" campaign is "something our entire community can be very proud of," Lemonade CEO and cofounder Daniel Schreiber said in a press release.
* The Giveback clause is where Lemonade determines how much money it has remaining after all fees, claims, reserves, required surplus and reinsurance are paid.
As part of the revamp, Ooredoo has introduced a host of giveback options, so that data that is not used can be refunded or carried over to the next pack.
FITCHBURG -- Workers' Credit Union's Charitable GiveBack Fund has made a $15,000 contribution to the YMCA of Central Massachusetts.
America First Credit Union President and CEO John Lund (left) and CU Direct President and CEO Tony Boutelle (right) present donation checks to Sharon Smith, chair of the community and corporate development board at Primary Children's Hospital (center left), and Sharon Goodrich, foundation director for Primary Children's Hospital, as a part of the 20 for 20 Giveback Campaign.