A. Based on the news above, explain what is collective agreement. B. How are the terms in a collective agreement reached between employer and workers’ union?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
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 A. Based on the news above, explain what is collective agreement.

B. How are the terms in a collective agreement reached between employer and
workers’ union? 

Question 3 is based on a recent news on collective agreement reached between
Genting Malaysia Berhad with its workers' union.
KUALA LUMPUR (Oct 27): Genting Malaysia Bhd (GenM) reached an agreement with its workers'
union on Wednesday (Oct 26) on the 13th collective agreement (CA) after a two-year delay due to
the Covid-19 pandemic.
In a statement, the group said the 13th CA provides better remuneration and benefits, including
salary adjustments for various job positions, along with upward revisions of split duty
allowances and hospitalisation benefits.
Additionally, the agreement also added compassionate leave, as well as optical and dental
benefits, which will benefit more than 5,500 workers.
Transcribed Image Text:Question 3 is based on a recent news on collective agreement reached between Genting Malaysia Berhad with its workers' union. KUALA LUMPUR (Oct 27): Genting Malaysia Bhd (GenM) reached an agreement with its workers' union on Wednesday (Oct 26) on the 13th collective agreement (CA) after a two-year delay due to the Covid-19 pandemic. In a statement, the group said the 13th CA provides better remuneration and benefits, including salary adjustments for various job positions, along with upward revisions of split duty allowances and hospitalisation benefits. Additionally, the agreement also added compassionate leave, as well as optical and dental benefits, which will benefit more than 5,500 workers.
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