Collective bargaining that results in the signing of an industry agreement between trade unions and an employers' association representing employers within a particular industrial sector. In many cases, industry agreements of this kind will be supplemented by enterprise or workplace bargaining in individual firms. Industry bargaining has declined in importance in the UK since the 1950s, and in many sectors, including engineering, banking, and independent television, it has collapsed altogether. It continues to be important, however, in public services, in a number of traditional manufacturing industries, and in the arts and entertainment industries. In Continental Europe, industry bargaining retains its importance and the tradition of collective agreements setting industry-wide terms and conditions continues. [See decentralization of bargaining.]
Subjects: Human Resource Management.