Definition of "giveback"
  1. The act of workers returning to management a previously received increase in wages or benefits, usually within the context of a labor contract
How to use "giveback" in a sentence
  1. After much negotiation, the union agreed to a giveback of increased health benefits to avoid layoffs.
  2. As per their voluntary agreement, the workers executed a giveback of their additional pay hike.
  3. The company's financial crisis led the employees to consider a giveback of their recently received wage enhancements.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z