International Labor Relations
17.5 Understand international labor relations.
Labor relations is the process through which management and workers identify and determine job relationships that will apply in the workplace. Labor unions (also called trade unions) provide a means for collective bargaining—joint negotiations between management and hourly labor and technical staff regarding wages and working conditions. When the firm and labor union negotiate a relationship, they formalize it with a contract. Labor regulations vary substantially, from minimal rules in some developing economies to detailed laws and regulations in many advanced economies. In Germany, union workers in the auto industry have the right to reduce their weekly working ...
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