labor contract

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labor contract

A worker signs a labor contract at a desk.

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.
labor contract

A worker signs a labor contract at a desk.

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