giveback

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give·back

 (gĭv′băk′)
n.
1. A concession made by a labor union during contract negotiations: "The contract ... which called for a giveback of five sick days, was defeated by a ratio of more than 2 to 1" (New York Times).
2. Something that is rebated or returned: a tax giveback.

giveback

(ˈɡɪvˌbæk)
n
(Commerce) commerce US a reduction in wages in return for some other benefit, in time of recession

give′back`

or give′-back`,



n.
1. (in union negotiations) a reduction in employee wages or benefits conceded by a union in exchange for other benefits or in recognition of depressed economic conditions.
2. something returned, rebated, etc.
[1975–80]
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References in periodicals archive ?
Congratulations," an applauding Commissioner Steve Mital said in response to the proposed givebacks.
In a statement, union leaders said the sought-for concessions were too much for pilots who had also agreed to givebacks when the former AMR was in bankruptcy in 2012.
As a community-centric financial institution dedicated to charitable givebacks, GSCU was quick to agree to donate money for the adult prizes, as well as Savings Bonds for the children's prizes.
DCECU members received these givebacks via a year-end loan interest rebate, which rebated borrowers in good standing 50% of the total interest they paid on all eligible DCECU loans during 2012; a member saver reward, which gave depositors in good standing an additional 50% of the dividends/interest they earned on DCECU deposits in 2012; DCECU Visa check card rebates of 0.
From the givebacks that I got here, without having anything, that was my giveback.
If we demand "best use" thinking over silly personal givebacks, this unwarranted commercial expansion will go the way of other special-interest moves.
We believe these massive givebacks were not justified at all by the owners, especially given recent projections by Moody's that NFL media revenues are expected to double to about 8 BILLION per year during the next TV deal.
The promise of Kuga production in Louisville began to fall apart in November when UAW members rejected Ford's request to match givebacks it gave General Motors Co.
Together with the pension freeze, the givebacks would save struggling YRCW approximately $900 million a year, according to figures compiled and analyzed by Logistics Management.
3% salary cut, a week-long furlough and other givebacks.
Coinciding with the 20 percent school givebacks, the Jamba Juice mascot, Bananaman, will be road-tripping across greater Los Angeles in his Jamba Bananavan passing out thousands of free smoothies, buy-one, get-one-free coupons and job applications at schools, college athletic games, community events and random public forums along the way.
Automotive sales, thanks to a combination of higher gas prices and consumer hesitation, have plummeted to the point that the Big Three domestic auto manufactures are asking for a federal bailout and looking for dramatic givebacks from their unions just to stay in business.