Givebacks is a trade union term for the reduction or elimination of previously won benefits.1
History
1978: The first known publication of the term giveback in relation to organized labor negotiations was in The New York Times.2
References
References
- "Merriam-Webster Online Dictionary". Merriam-Webster. Retrieved 17 August 2011.
- 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.