offshoring

[ awf-shawr-ing, ‐shohr‐, of‐ ]
/ ˈɔfˈʃɔr ɪŋ, ‐ˈʃoʊr‐, ˈɒf‐ /

noun

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.

Example sentences from the Web for offshoring

British Dictionary definitions for offshoring

offshoring
/ (ˈɒfˌʃɔːrɪŋ) /

noun

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