workshare

English

Etymology

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

• Not to be confused with jobshare.

Related terms

• worksharing