Collective Bargaining Definition
noun
Negotiation between organized workers and their employer or employers for reaching an agreement on wages, fringe benefits, hours, and working conditions.
Webster's New World
In labor law, negotiations between an employer and a labor union or other group representing employees concerning the terms and conditions of the employees’ work. See also bargaining unit and lockout.
Webster's New World Law
The definition of collective bargaining refers to many people with similar aims and goals joining together in order to be in a better position to negotiate.
An example of collective bargaining is a labor union engaged in negotiations with management over salaries.
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Origin of Collective Bargaining
Coined by Beatrice Webb in 1891.
From Wiktionary
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