Definition
- Collective bargaining
- Collective bargaining is the negotiation between a union and one or more firms over pay and conditions.
- Not to be confused with: Trade union
- A trade union is an organisation of workers that negotiates with employers over wages and working conditions.
Test yourself
What is the difference between collective bargaining and trade union?
Trade union: A trade union is an organisation of workers that negotiates with employers over wages and working conditions.