MANAGEMENT

Detailed explanation-1: -Labor unions are associations of workers formed to protect workers’ rights and advance their interests. Unions negotiate with employers through a process known as collective bargaining.

Detailed explanation-2: -Labor Organization refers to any union or association of employees in the private sector which exists in whole or in part for the purpose of collective bargaining or of dealing with employers concerning terms and conditions of employment. It is classified into FORMAL and INFORMAL sector labor organization.

Detailed explanation-3: -A labor union is a group of two or more employees who join together to advance common interests such as wages, benefits, schedules and other employment terms and conditions.

Detailed explanation-4: -trade union, also called labour union, association of workers in a particular trade, industry, or company created for the purpose of securing improvements in pay, benefits, working conditions, or social and political status through collective bargaining.