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English definition of “lockout”

lockout

noun [C]     /ˈlɒkaʊt/ WORKPLACE
an occasion when an employer stops workers from entering the place they work in because of a disagreement about working conditions , pay , etc.: A contract agreement would end the company's lockout of nearly 500 union garbage haulers .
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(Definition of lockout noun from the Cambridge Business English Dictionary © Cambridge University Press)
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