Definition of giveback in English:
An agreement by workers to surrender benefits and conditions previously agreed in return for new concessions or awards.
- Management is seeking sweeping demands for increased workloads, wage and benefit concessions and other givebacks.
- It is also reportedly considering the establishment of a two-tier system of employee benefits, cuts in dental and optical benefits for city workers, and other givebacks.
- For one thing, public sector workers have no fear of international competition and little fear of layoffs, givebacks and other concerns that private sector workers, especially in manufacturing, must deal with today.
Definition of giveback in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan