Record label close to folding, consider move abroad (8)
I believe the answer is:
emigrate
'move abroad' is the definition.
(I've seen this before)
'record label close to folding consider' is the wordplay.
'record label' becomes 'EMI' (British record label).
'close to' suggests the final letters (the close/ending of).
'consider' becomes 'rate' (I've seen this before).
The last letter of 'folding' is 'g'.
'emi'+'g'+'rate'='EMIGRATE'
(Other definitions for emigrate that I've seen before include "don't come back!" , "Go to live and work in another country" , "Leave one's country to live elsewhere" , "Tiger Mae has gone abroad to live, oddly" , "leave for ever" .)