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About: Industrial arbitration     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Statement106722453, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:Abstraction100002137yago:Agreement106770275yago:Communication100033020yago:Message106598915yago:WikicatIndustrialAgreementsyago:Statement106722453 New Facet based on Instances of this Class

Industrial arbitration is a type of arbitration to prevent or settle labor disputes that may arise between an industrial employer and a union, union member, or union representative to prevent legal action taking place and finding less costly ways to settle disputes. This process often benefits the employer because it reduces the chances of a strike or legal action, and benefits the employee because it allows them more bargaining power and prevents mass layoffs in a dispute. However, at times the government has been known to step in regardless of arbitration clauses and force its own remedies.