workshare

English

Etymology

From work +‎ share.

Noun

workshare (countable and uncountable, plural workshares)

  1. (UK, Ireland) A cooperative funding arrangement between multiple governments whereby the costs of a contract are divided between several governments who benefit from that contract.
  2. (US) A strategy for handling market slowdowns where employees' hours are reduced rather than incurring layoffs.

Usage notes

  • worksharing
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