Most people call it a slipped block neck reset. Or a California neck reset. It was a primitive method for changing the neck angle in the bad old days. You really have to mutilate the instrument to do it. Here is some info:
http://www.acousticguitarforum.com/forums/showthread.php?t=138703
I wouldn't want to have this done to one of my ukes.
There may be some alternatives. The neck could be sawed off the body, the neck angle corrected, and then glued or doweled back on. Or take the whole neck & block assembly out, fill the gaps where it attached to the body with koa veneer, and recut those gaps at the proper angle and reattach. That would be slick, you might have to shave the top and shim the bottom of the part of the neck inside the body.