offshoring

/ ˈɒfˌʃɔːrɪŋ /

noun

1. the practice of moving a company's operating base to a foreign country where labour costs are cheaper

Example Sentences

It’ll endanger Americans, baselessly stoke mistrust in one of the future’s most important health technologies and accelerate the offshoring of American biotech jobs that are critical for our national security.

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Instead, the policy will create incentives to move high-tech and scientific activity to other countries, effectively offshoring economic activity that should occur in the U.S., he says.

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Italy prioritises offshoring the processing of migrants.

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"The president is fixed in his purpose. This trade deficit and offshoring and the loss of jobs has persisted for too long," he said, while acknowledging the measures might lead to a "challenging" economic adjustment.

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Bringing business operations back to home shores, it is the reversal of offshoring.

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