lay off

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Related to Lay Offs: downsizing

lay off

[′lā ¦ȯf]
(engineering)
The process of fairing a ship's lines or an airplane's in a mold loft in order to make molds and templates for structural units.
(navigation)
The act of steering a ship away from the shore, a pier, or another ship.
References in periodicals archive ?
If the contract of employment does not allow for a lay off, what other options does the laid off employee have?
Separately, there are rumors that the Lebanese Broadcasting Corporation (LBC) plans to lay off 40 percent of its employees and to freeze a number of TV programs, in order to economize on costs, ASHARQ AL AWSAT said.
Oerlikon-Graziano, a supplier of Italy-based Fiat SpA (NYSE: FIA) (ISE: IT0001976403), is planning to lay off 1,370 employees in eight Italian plants, according to labour union Fim Cisl.
Company spokesman Mr Min Kyung-hwan said management would not back away from its plan to lay off redundant workers.
Auto Business News-13 March 2009-GM to lay off Saab workers(C)2009 ENPublishing - http://www.enpublishing.co.uk
If the contract does not allow for lay offs without pay, then the options an employee has in this situation are:
The lay offs are expected to take place in March or April and are due to decline in consumer demand which has lead to reduced production.
Fiat Group SpA (Fiat) (NYSE: FIA) (ISE: IT0001976403), an Italy-based automaker, is planning to lay off white-collar workers.