In: Economics
Collective bargaining agreement is signed for given period,
between the employer and the trade unions. These agreements can
regulate and maintain the co-determination, negotiation procedures
and the common objectives relating to the labour market
development. If we are considering the Apple Company, the parties
in these agreements are employers in that company and the trade
union. It is basically a private entity to protect the labour
rights in the market. There is no legal obligations come under this
agreement. The proper demands of workers mentioned this agreement.
So the company or the governing body is responsible to follow that.
The exact definition for the agreement mentioned in the
Co-determination Act. This agreement is not permitted to resort the
industrial actions.
The collective bargaining agreement is in a small perspective, but
the management rights viewed from a larger perspective. The trade
unions agreed to make and implement decision relating to specific
areas. This is mainly a public entity. This can establish
employer’s mission, objectives, activities and priorities. This
management rights include the right to introduce the improved
methods, technologies and facilities. Management rights ensure
safety of the employers and determine the level of work done of
each worker.