ALL meanings of giveback
give·back
G g - noun giveback An agreement by workers to surrender benefits and conditions previously agreed upon in return for new concessions or awards. 1
- noun giveback (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: Givebacks have not slowed the number of shutdowns. 1
- noun giveback something returned, rebated, etc.: Givebacks to dealers have increased car sales. 1
- noun giveback a reduction in wages in return for some other benefit, in time of recession 0
- noun giveback 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 0