collective bargaining

Related Terms
Good-faith process between an organization's management and a trade union representing its employees, for negotiating wages, working hours, working conditions, and other matters of mutual interest. To the management, this process presents (usually) one set of people to negotiate with; to the employees, it gives greatly enhanced bargaining-power. Collective bargaining is the fundamental principle on which the trade union system is based.

Use 'collective bargaining' in a Sentence

Thanks to the collective bargaining within the company, we can now receive discounts on our medical coverage and pay for sick days.
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Due to the process of collective bargaining, the productivity of our factory has increased by a substantial margin since the beginning of the contract.
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Much of modern labor would be changed for the worse if history hadn't had people organize their labor through collective bargaining.
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