lockout definition

lockout

Industrial action during which an employer withholds work, and denies employees access to the place of work. In effect, it is a strike by the management to compel a settlement to a labor dispute on terms favorable to the employer. When lock out action is taken by several employers in concert, it is called a joint lockout. Also called shut out.

lockout is in the Entrepreneurship, Management, & Leadership and HR, Teams, & Training subjects.

lockout appears in the definitions of the following terms: strike, cooling-off period, joint lockout, job security and man-days lost

lockout appears in these other terms: notice of lockout, lockout agreement

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