TRADE UNION

[abhishreshthaa]

DEFINITION


A trade union or labour union is an organization of workers who have banded together to achieve common goals in key areas such as wages, hours, and working conditions, forming a cartel of labour.


One of the most important tool of trade union is collective bargaining.



History


Concept from Medieval Europe.

India initially had socialist economy.

Socialist economy making heavy losses.

Debt taken from WB, IMF & WTO.

In 1991, liberalization started.

After that, trade unions were strengthened.

Objectives of trade unions

Provision of benefits to members

Collective Bargaining

Industrial Action

Political activity

Representation

Negotiation

Voice in decisions affecting workers

Member services

Welfare benefits

 

[jitendra05]

DEFINITION


A trade union or labour union is an organization of workers who have banded together to achieve common goals in key areas such as wages, hours, and working conditions, forming a cartel of labour.


One of the most important tool of trade union is collective bargaining.



History


Concept from Medieval Europe.

India initially had socialist economy.

Socialist economy making heavy losses.

Debt taken from WB, IMF & WTO.

In 1991, liberalization started.

After that, trade unions were strengthened.

Objectives of trade unions

Provision of benefits to members

Collective Bargaining

Industrial Action

Political activity

Representation

Negotiation

Voice in decisions affecting workers

Member services

Welfare benefits

Hey abhi, nice work! I really appreciate your work. As we know that trade union is an organized association of employees in a business or profession formed to defend their rights and interests. I am also including a document where people would find more detailed information.