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Definition of 'Furlough'
A temporary layoff, involuntary leave or other modification of normal working hours without pay for a specified duration. Furloughs are used in the military for soldiers whose new assignments have not yet been determined. For businesses, furloughs are used for a variety of reasons, like plant shut-downs, or in cases where a broad reorganization makes it unclear which employees will be retained.
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Investopedia explains 'Furlough'
In contemporary business practice, a furlough is a less permanent solution to layoffs, and are useful in situations where the economic condition is deemed to be of short duration. It is also common in situations where a business disruption is deemed to be temporary.
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Search results for 'Furlough'
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http://stocks.investopedia.com/stock-analysis/2009/Accentures-Future-Remains-Bright-ACN-IBM-HPQ1005.aspx
... Accenture was able to reign in the cost of its services, but higher sales and marketing
costs, a hefty restructuring charge to furlough employees and respond ...
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