Givebacks is a Trade union term for the reduction or elimination of previously won benefits.[1]

HistoryEdit

1978: The first known publication of the term giveback in relation to organized labor negotiations was in the New York Times[2]

ReferencesEdit

  1. ^ "Merriam-Webster Online Dictionary". Merriam-Webster. Retrieved 17 August 2011.
  2. ^ Flint, Jerry (26 March 1978). "BIGGER CONCESSIONS FROM UNIONS SOUGHT; Management Seeking 'Givebacks' in New Bargaining Trend BIGGER CONCESSIONS FROM UNIONS SOUGHT Demands of the Future". New York Times. Retrieved 17 August 2011.