Meaning of offshoring in English:

offshoring

Pronunciation /ɒfˈʃɔːrɪŋ/

noun

mass noun
  • The practice of basing some of a company's processes or services overseas, so as to take advantage of lower costs.

    ‘The TAA program should be expanded to cover individuals dislocated by offshoring in service industries or in public employment.’
    • ‘They have reacted with a mixture of dismay and anger to the spate of legislative activity aimed at banning overseas outsourcing or offshoring of government contracts.’
    • ‘It is time to expand this program to workers who lose service jobs to offshoring.’
    • ‘But does this policy solution also make sense vis-à-vis the challenges posed by offshoring of service employment?’
    • ‘Indeed, offshoring - sending work overseas - isn't always all it's made out to be.’
    • ‘Here's where the accelerated practice of offshoring creates a new and prodigious challenge.’
    • ‘Talk of offshoring can get them hot under the collar.’
    • ‘The end result of corporate adjustments to offshoring is a boost in Ryla's revenues, which are expected to hit $7 million in fiscal 2004.’
    • ‘Still, offshoring can test the management skills of some startups.’
    • ‘The airline has figured out how to cut costs and still avoid offshoring.’
    • ‘To date, 35 state legislatures have drafted bills addressing offshoring and 161 state laws restricting or banning offshoring have been proposed.’
    • ‘Further benefits are derived from offshoring through the ability of US corporations to deliver their services back to the USA more cheaply.’
    • ‘The first great offshoring of service jobs occurred when back-office work and call centers went to Northern Ireland over a decade ago.’
    • ‘Despite the discouraging outlook, many black-owned businesses are proving that offshoring does not spell the end of contracting as we know it.’
    • ‘For many multinationals, in fact, offshoring can be a public-relations nightmare at both ends of the pipeline.’
    • ‘He expects this outsourcing and offshoring to increase and insists both practices will benefit the US economy in the long run.’
    • ‘For tech workers, at least, the threat of offshoring is also a strong motivator.’
    • ‘Those losses are caused as much, or more, by productivity gains from automation than from so-called offshoring.’
    • ‘But this country's response to offshoring cannot be protectionism - although protecting a few jobs in certain places will be necessary.’
    • ‘In this regard, offshoring is likely to show up more in the compensation trends of our domestic workers in affected sectors than in their employment trends.’

Origin

1980s from offshore + -ing.