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  2. Curtailment of work

    Definition: In business terms, a strike can be understood as a curtailment of work, due to the collective refusal of workers to work, which occurs as a response to employee grievances.
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    What does a strike mean?Definition: In business terms, a strike can be understood as a curtailment of work, due to the collective refusal of workers to work, which occurs as a response to employee grievances.
    What is a labor strike?A labor strike, also known as a work stoppage, is a collective action taken by employees to protest against their employers—usually to demand better wages, benefits, or working conditions. During a strike, workers refuse to work until their demands are met or until they reach a settlement with their employers.
    What is strike & how does it work?Strike is one of the powerful tool of collective bargaining, used by trade unions and labor associations to compel the employer to grant several concessions. It can also be used to protest certain terms of former or proposed agreement amidst the labor and management.
    What is economic strike?Economic Strike: Economic Strike is the cessation of work by the labors with an aim of imposing their economic demands like wages and bonus. In such strike, the workers raise their voices to increase their pay, improve working conditions, facilitate them with allowances, perquisites, and add-on benefits.
     
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    WebJun 21, 2022 · A strike is when a group of workers come together and agree to stop working. Employees do this when they want to protest against something they think is unfair where they work. Strikes often...

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