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What does workshare mean?

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

Noun
  1. (Britain, Ireland) A cooperative funding arrangement between multiple governments whereby the costs of a contract are divided between several governments who benefit from that contract.
  2. (US) A strategy for handling market slowdowns where employees' hours are reduced rather than incurring layoffs.
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Workshare Synergy follows Workshare DeltaView, WT's highly successful redlining product, which is now the industry standard in document comparison tools.

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