Definition of giveback
: a previous gain (such as an increase in wages or benefits) given back to management by workers (as in a labor contract)
Examples of giveback in a Sentence
The union had to agree to certain givebacks in order to save the jobs of all its members.
Recent Examples of giveback from the Web
Bronin has asked for another $4 million in givebacks next year, even though the city hasn't reached its $15.5 million target this year.
The mayor had been counting on $15.5 million in union givebacks this year, but has only gotten about $1.5 million through a new contract with the firefighters union that made sweeping changes to the pension and health care plans.
Ms. Regan shares her advice on planning the ideal giveback getaway:
There are several reasons givebacks like the one at JPMorgan are such an anomaly.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'giveback'. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of giveback
GIVEBACK Defined for English Language Learners
Definition of giveback for English Language Learners
business : a previous gain (such as increased wages or benefits) that is given back to a company by workers as part of an agreement
Legal Definition of giveback
: a previous gain (as an increase in wages or benefits) given back to management by workers (as in a labor contract)
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