A. Based on the news above, explain what is collective agreement.B. How are the terms in a collective agreement reached between employer andworkers’ union? Question 3 is based on a recent news on collective agreement reached betweenGenting 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 tothe Covid-19 pandemic.In a statement, the group said the 13th CA provides better remuneration and benefits, includingsalary adjustments for various job positions, along with upward revisions of split dutyallowances and hospitalisation benefits.Additionally, the agreement also added compassionate leave, as well as optical and dentalbenefits, which will benefit more than 5,500 workers.

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Answered: A. Based on the news above, explain…

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

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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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?

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