Strike point in the Pledge Agreement

Aug 6th, 2022
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How to strike point in the Pledge Agreement

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The speaker welcomes attendees and begins the session on pledge structures for securities financing transactions, acknowledging the initial quietness of the seminar room. They clarify that the discussion will not cover tri-party repo and stock loans, as these are related but distinct topics. Instead, the focus will be on understanding collateral security within securities financing transactions. The session will provide an introduction to the subject and is set to begin shortly, allowing for a few more participants to join.

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Even though a strike or lockout is a legitimate collective bargaining tactic to put economic pressure on the other party to settle terms of a new collective agreement (sometimes called an interest dispute), unions and employers are not allowed to begin a strike or lockout action before the dispute settlement
In contrast to a strike, in which employees refuse to work, a lockout is initiated by employers or industry owners. Lockouts are usually implemented by simply refusing to admit employees onto company premises, and may include changing locks or hiring security guards for the premises.
During a strike or lockout, picketing is not mandatory. However, workers who choose not to picket cannot return to work and will not receive any compensation from the union or the employer.
Strikes and lockouts are legal once a collective agreement has expired and the union and the employer have met the requirements in the Canada Labour Code to hold a legal strike or lockout.
If a union and an employer are unable to docHub a collective agreement through negotiations, they may try to resolve the impasse through job action: The union and the employees engage in job action by going on strike. An employer engages in job action by locking out the employees.
Work stoppages that happen outside the collective bargaining process are illegal in Canada. Workers without a union are not legally able to go on strike. Similarly, unionized workers are not legally allowed to strike without holding a strike vote during the collective bargaining process.
In the offensive lockout (bargaining lockout) an employer locks out employees to pressure the union during a collective bargaining negotiation process for a new contract. In this situation, employers do not have to wait for a strike or strike threat to initiate.
Lockouts are usually implemented by simply refusing to admit employees onto company premises, and may include changing locks or hiring security guards for the premises. Other implementations include a fine for showing up, or a simple refusal of clocking in on the time clock.

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