BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Typically, negotiating the first Collective Agreement takes as long as six months. Renewal agreements will take a few months to negotiate as well, but while they are being negotiated, the old agreement remains in force. Collective Agreements are most often for a two-year period, sometimes three and occasionally one.

Detailed explanation-2: -Over the last few years, the length of collective agreements being negotiated has often extended beyond the typical two years to three, four or five-for a variety of reasons. And there are both positives and negatives to this approach, say experts.

Detailed explanation-3: -(1) Collective agreements shall be valid if concluded in writing and signed by authorized representatives of the competent trade union organs (bodies) and employers, or by representatives of such employers association, unless it is stipulated otherwise below.