giveback
/ˈɡɪvˌbæk/
noun
- A benefit or concession that is returned to employees, customers, or the community, often as part of a program or agreement.
- As a giveback to loyal customers, the store offered a 10% discount.
- The company's annual giveback includes a donation to local schools.
- The union negotiated a giveback of some vacation days in exchange for better health benefits.
- A reduction in wages or benefits that workers agree to in order to help an employer during difficult times.
- The workers accepted a giveback of 5% of their salary to prevent layoffs.
- Union members voted on a giveback of paid holidays to save jobs.
- The giveback agreement helped the struggling factory stay open.
Synonyms