noun
- plural of offshoring; the practice of moving business operations, manufacturing, or jobs to another country, typically one with lower labor costs or favorable business conditions
Usage: business/economics term; usually used in plural or as a mass noun
Examples
- Many companies have pursued offshorings to reduce manufacturing expenses.
- The offshorings of tech support jobs have sparked debate about employment.
- Government policies aim to discourage offshorings and encourage domestic production.
- Recent offshorings have shifted production to Southeast Asian countries.
- Critics argue that offshorings harm local workers and communities.
- The company announced multiple offshorings as part of its cost-cutting strategy.