concession bargaining

concession bargaining. Labor law. A type of collective bargaining in which the parties negotiate the employees’ giving back previously gained improvements in wages, benefits, or working conditions in exchange for some form of job security, such as protection against layoffs. — Also termed employee givebacks; union givebacks. See COLLECTIVE BARGAINING.

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词条贡献者

译者Clara，毕业于国内知名法学院，擅长翻译各种与衍生工具相关的法律文件。