lockout

lockout definition - business

lockout

Action by management to prevent employees from entering the workplace and performing their jobs until agreement is reached on a labor dispute. For example, in 2004 the National Hockey League locked out its players for the entire season after labor negotiations ended in a deadlock.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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