Meaning Of The Word Giveback

Real Dictionary

What's the definition of Giveback? Find Giveback meanings, definitions and more at the Real Dictionary online.

Giveback Meaning

Giveback Definition
Giveback Definition

What's The Definition Of Giveback?

giveback in British English
a workers' benefit or right, previously gained as through labor negotiations, relinquished to management, usually in exchange for a wage increase or some other concession
noun: a reduction in employee wages or benefits conceded by a union in exchange for other benefits or in recognition of depressed economic conditions
noun: a reduction in wages in return for some other benefit, in time of recession

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