0 a situation in which people lose their jobs, or companies stop doing business, because of economic difficulties: --
There has been a shakeout of inefficient corporations.
The shakeout in the labour market after Christmas usually makes January a bad month for unemployment.
1 a difficult economic situation in which people lose their jobs and unsuccessful businesses close down: --
2 the process of changing an organization to be more successful, especially by removing people: --
shakeout of sb/sth The company announced the shakeout of its senior management.
The decline is partly the result of a necessary shakeout in the early 1980s when manufacturing was overmanned and inefficient.
We can only have this shakeout once and for all.
No nationalised industry would contemplate forming a plan of activity and having a complete shakeout 12 months later.
It is all very well talking about a "shakeout" and redeployment.
He said that what is needed is a shakeout that will release the nation's manpower.
All the indications are that they arose because of a massive shakeout of labour and very substantial closures of inefficient plants.
The old doctrine of the shakeout clearly does not apply—indeed, far from it.
I believe that the great industrial shakeout, as it has been called, is over.
