Taking jobs abroad, before syndicate cancelled majority of production (10)

'taking jobs abroad' is the definition.
(offshoring is moving a company's work overseas)

'before syndicate cancelled majority of production' is the wordplay.
'before' says to put letters next to each other.
'syndicate' becomes 'ring' (I've seen this in other clues).
'cancelled' becomes 'off' (similar in meaning).
'majority of production' becomes 'sho' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'off'+'sho'='offsho'
'ring' put after 'offsho' is 'OFFSHORING'.

Can you help me to learn more?