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What does plummetting mean?

Looking for the meaning or definition of the word plummetting? Here's what it means.

Verb
  1. (Britain) present participle of plummet; alternative spelling of plummeting
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Thousands of workers are being axed at car plants across the UK as plummetting sales force production cutbacks.
Global sales are plummetting in the face of competition from tablets, like the iPad, and smartphones.
The Group F clash was initially due to take place last night but heavy snow and plummetting temperatures in Belfast saw the fixture postponed after three inspections by Norwegian referee Tom Hagen and the FIFA delegation.

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