"Wage concessions" refers to an agreement where workers accept a reduction in their wages or benefits in order to help their company financially.
Full definition
Synonyms for individual words can be found below.
«wage»
«concessions»
Sentences with «wage concessions»
- Plants that do not move will gain further wage concessions from their employees. (religion-online.org)
- Without massive wage concessions in Mexico, NAFTA will never pass Congress even if a Democratic majority is elected this fall. (business.financialpost.com)
- GM has sought wage concessions from the union as well as government funding and incentives to save its remaining three South Korean factories. (cnbc.com)
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