offshoring

Definition

The moving of various operations of a company to another country for reasons such as lower labor costs or more favorable economic conditions in that other country.

Use offshoring in a sentence

  • As a means to hopefully stave off bankruptcy, the board had decided that offshoring jobs to another country would be the only way to save the company.

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  • As a means to hopefully stave off bankruptcy, the board had decided that offshoring jobs to another country would be the only way to save the company.

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  • Some companies will use offshoring when they can find a better deal in another country to lower their overhead costs.

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