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

双语律师Lorna，国际知名商学院金融专业，擅长翻译涉及金融创新和金融科技领域的法律文件。