shake-out


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shake-out

n
(Industrial Relations & HR Terms) the process of reducing the number of people in a workforce in order to lower the costs of a company
Translations

shake-out

[ˈʃeɪkaʊt] N [of company] → reorganización f, reestructuración f; [of workforce] → reducción f

shake-out

n (inf)Gesundschrumpfung f (inf)
References in periodicals archive ?
The next big trend that this correction will cause is a "shake-out" period for nonprofits.
In recent years, the industry has seen considerable shake-out. Not only are banks shying away from equipment-based lending, but several conglomerates with financing operations have left the equipment finance business to focus on their core competencies.
The dramatic political changes and regime shake-outs in certain Arab countries caused widespread turbulence at a time when the understanding of their citizens, on issues such as democracy, freedom of speech and pluralism, was not sufficiently mature.
Other sectors where there will be more shake-outs are leisure and healthcare, and the secondary industrial market."
The mayor of London said he expected "shake-outs" at individual banks as Barclays chief executive Antony Jenkins revealed plans to slash costs by PS1.7bn.
Clearly, shake-outs and consolidations are the way ahead and will be in the best interest of the industry's long term prospects," pointed out Ashar.