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layoff

layoff {n.}

A systematic or periodical dismissal of employees from a factory or a firm.

Due to the poor economy, the car manufacturer announced a major layoff starting next month.

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Source: A Dictionary of American Idioms

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[open shop] {n. phr.} A factory or firm that employs both union and non-union labor. * /The firm refuses to adopt an open shop policy./ Contrast: [CLOSED SHOP]. A Dictionary of American Idioms

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[C.E.O.] {n.} Abbreviation of "Chief Executive Officer." The head of a company, factory, firm, etc. * /We are very proud of the fact that our C.E.O. is a young woman./ […] A Dictionary of American Idioms

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[in accordance with] {adv. phr.} In consonance with something; conforming to something. * /Employees at this firm are expected to always behave in accordance with the rules./ A Dictionary of American Idioms

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