Meaning Of The Word Giveback

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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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