wage concession

• Согласие работников или их профсоюза на снижение заработной платы, сокращение льгот или ухудшение условий труда, обычно принимаемое для того, чтобы помочь работодателю избежать финансовых трудностей или увольнений.

An agreement by workers or their union to accept lower wages, reduced benefits, or less favorable working conditions, typically made to help an employer avoid financial difficulties or layoffs.

1. Labor agreement adjustmentC1formal

   A reduction or limitation in the increase of wages that workers or unions agree to, often to help an employer avoid financial difficulties or layoffs.

   Уступка по заработной плате

   • The union agreed to a wage concession to prevent factory closures.
   • During the recession, workers accepted wage concessions to keep their jobs.
   • The company asked for wage concessions in exchange for better benefits.