collective agreement Meaning in the Cambridge English Dictionary

Meaning of “collective agreement” in the English Dictionary

"collective agreement" in Business English

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collective agreementnoun

uk   us   HR
[C] a ​formalagreement between ​groups or ​people, especially an ​agreementreached by collectivebargaining : Talks ​stalled earlier this ​year after they ​failed to reach a ​collectiveagreement.
[U] the ​process in which ​groups or ​peoplereach an ​agreement about something, especially by collectivebargaining: The ​requiredreduction in the ​workforce was achieved by ​collectiveagreement.
(Definition of collective agreement from the Cambridge Business English Dictionary © Cambridge University Press)
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“collective agreement” in Business English

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