Definition of labor union
: an organization of workers formed for the purpose of advancing its members' interests in respect to wages, benefits, and working conditions members of a labor union with job protection under a collective bargaining agreement with the employer — Seth Sandronsky
First Known Use of labor union
Financial Definition of LABOR UNION
What It Is
A labor union is an organization that advocates for workers' rights and benefits through collective bargaining.
How It Works
Labor unions represent workers in both the public and private sector. Individual labor unions represent workers in specific industries and function in an intermediary capacity between employers and employees. Unions negotiate directly with employers on employees' behalf with regard to compensation, conditions and working hours.
Workers employed by transportation, shipping and manufacturing companies typically maintain contracts with labor unions. The unions agree to engage employers in collective bargaining in return for union dues withheld from payroll. The International Brotherhood of Teamsters and United Steel Workers are two prominent labor unions in the United States.
LABOR UNION Defined for English Language Learners
Definition of labor union for English Language Learners
: an organization of workers formed to protect the rights and interests of its members
LABOR UNION Defined for Kids
Definition of labor union for Students
: an organization of workers formed to help them get better pay and working conditions
Legal Definition of labor union
Additional Notes on labor union
Labor unions and employers are subject to the provisions of the National Labor Relations Act (NLRA or Wagner Act), as amended by the Labor Management Relations (Taft-Hartley) Act and the Labor Management Reporting and Disclosure (Landrum-Griffin) Act. The NLRA authorized the establishment of the National Labor Relations Board, the federal agency which administers the provisions of the Act.
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