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offshoring

[awf-shawr-ing, ‐shohr‐, of‐]
noun
  1. the practice of moving employees or certain business activities to foreign countries as a way to lower costs, avoid taxes, etc.: the offshoring of software jobs to China.
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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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British Dictionary definitions for offshoring

offshoring

noun
  1. the practice of moving a company's operating base to a foreign country where labour costs are cheaper
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Word Origin and History for offshoring

n.

in the economic sense, as a form of outsourcing, attested by 1988, from offshore.

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Online Etymology Dictionary, © 2010 Douglas Harper