What is trade union in business studies
1 answer
A trade union, also known as a labor union, is an organization formed by workers in a particular industry, trade, or occupation to protect and promote their interests and rights in the workplace. It acts as the representative of the workers, negotiating with the employers on issues such as wages, working conditions, benefits, and job security. Trade unions aim to improve the economic and social well-being of their members through collective bargaining with management. They may also provide various services to their members, including legal representation, training, and support in grievances or disputes.