Givebacks is a Trade union term for the reduction or elimination of previously won benefits.
You're in the middle of negotiating, you know, givebacks or trying to get givebacks from city unions.
NPR: Detroit Mayor Dave Bing On City's Crisis
In practice, this period can last years, and it has provided a strong disincentive for public unions to agree to any givebacks.
FORBES: Magazine Article
Detroit as a whole doesn't make any money selling passenger cars: U.S. drivers buy domestic cars only if coaxed with huge givebacks.
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