Factory on holiday emptied and idle (4-3)
I believe the answer is:
work-shy
'idle' is the definition.
(similar in meaning)
'factory on holiday emptied' is the wordplay.
'factory' becomes 'works' (eg a steel works).
'on' means one lot of letters go next to another.
'emptied' suggests removing the centre.
'holiday' with its middle taken out is 'hy'.
'works'+'hy'='WORK-SHY'
'and' is the link.
(Other definitions for work-shy that I've seen before include "Lazy" , "Indisposed to labour" .)