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
insider trade
Treasury bond
delinquent
economic exposure
high finance