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Collective Bargaining
The negotiation process between employers and a group of employees aimed at reaching agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.
Economic Pressures
External financial challenges that affect individuals, businesses, or economies, including inflation, unemployment, and market fluctuations.
Strike Vote
is a formal decision made by union members on whether to proceed with a strike action if negotiations with the employer fail to meet their demands.
Bargaining Power
The ability of a party to exert influence over another party in negotiations to obtain favorable terms.
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