- relocation
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if a company or worker relocates or is relocated, they move to a different place:
• Many workers are unwilling to relocate.
relocate (something/somebody) to something• The company plans to relocate its corporate headquarters to Iowa.
— relocation noun [countable, uncountable] :• Half the workers will be offered relocation, and the remaining jobs will be eliminated.
• Profits fell 18% following the company's restructuring and office relocations.
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relocation UK US /ˌriːləʊˈkeɪʃən/ noun [S or U]► HR, WORKPLACE the process of moving to a different place to work, or of moving employees to a different place to work: »Those in charge of planning the relocation will need to establish exactly what key tasks need to be carried out, when, and in what order these should be done.
relocation of sth »Relocation of manufacturing facilities from the developed to the industrializing world has brought into play a new stream of capital flows.
»Senior board members voted this week to go ahead with the proposed relocation to New Jersey.
»relocation costs/expenses/allowances
Financial and business terms. 2012.