Givebacks is a

trade union A trade union (labor union in American English), often simply referred to as a union, is an organization of workers intent on "maintaining or improving the conditions of their employment", ch. I such as attaining better wages and benefits ...

term for the reduction or elimination of previously won benefits.

History

1978: The first known publication of the term giveback in relation to organized labor negotiations was in ''

The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...

''.

References

External links

* Trade unions {{trade-union-stub