Definition

Noun: A formal, legally binding agreement between a group of employees (or their union) and their employer. This contract specifically governs the terms of employment, including wages, benefits, working hours, and conditions.

Usage

A "labor contract" is a specific type of contract used in unionized workplaces. It is the result of collective bargaining and outlines the rights and responsibilities of both the workers and the management for a fixed period.

Examples

• The union members voted to approve the new three-year labor contract.
• Negotiations for a new labor contract broke down, leading to a strike.
• The labor contract guarantees a 5% wage increase and improved healthcare benefits.

Advanced Usage

• "to be under a labor contract": To have one's employment terms defined by such an agreement.
  • All factory workers are under a collective labor contract.
• "to negotiate a labor contract": To engage in the process of collective bargaining to establish or renew the agreement.
  • The two sides will meet next month to negotiate a new labor contract.

Variants and Related Words

• Collective bargaining agreement (CBA): A direct synonym for "labor contract," emphasizing the negotiation process.
• Union contract: Another common synonym, highlighting the involvement of a labor union.

Synonyms

• Collective agreement
• Union agreement
• Employment contract (Note: This is a broader term that can also apply to individual, non-union agreements.)

Related Phrases

• Contract negotiation: The process of discussing and agreeing on the terms of the contract.
• Contract ratification: The formal approval of the negotiated contract by the union members.

Noun

1. contract between labor and management governing wages and benefits and working conditions