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golden formula


'golden formula' can also refer to...

 

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The principle established by the UK Trade Disputes Act 1906 that a trade union organizing industrial action should have legal immunity if the action is ‘in contemplation or furtherance of a trade dispute’. A trade dispute includes those over terms and conditions of employment, work allocation, dismissal, discipline, union membership, union recognition, and the introduction and operation of industrial relations procedures. The restriction of immunity to matters of trade is intended to limit lawful strikes to those that are non-political.

Subjects: Human Resource Management.


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