The practice of basing some of a company’s processes or services overseas, so as to take advantage of lower costs.
Origin
1980s: from offshore + -ing1.
offshoring2
/ɒfˈʃɔːrɪŋ /
noun[mass noun]
The practice of basing some of a company’s processes or services overseas, so as to take advantage of lower costs.The TAA program should be expanded to cover individuals dislocated by offshoring in service industries or in public employment....
They have reacted with a mixture of dismay and anger to the spate of legislative activity aimed at banning overseas outsourcing or offshoring of government contracts.
It is time to expand this program to workers who lose service jobs to offshoring.