bumping
noun

a lay-off procedure that allows an employee with greater seniority to displace a more junior employee

Examples
  • The economic recession led to extensive bumping in companies where only the most qualified were retained for some jobs.

  • The trade unions strongly objected to bumping practices since they considered that many employees were being laid off unfairly.

Browse by Subjects
technical indicator
inelastic
floating
open
deferred credit