lockout


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Lock-Out

The act of an employer not permitting its employees to work. That is, an employer may close down its place of business (such as a factory) so that employees cannot work and thereby earn a living. Lock-outs are useful in situations such as when a union only represents a portion of a company's workforce. If the employer believes the union is making unreasonable demands, it can declare a lock-out to encourage non-union workers to put pressure on the union workers to give up on those demands. Because this has the effect of punishing all workers, lock-outs are usually illegal.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

lockout

an action taken by an employer that involves the exclusion of the workforce from their place of work as part of an INDUSTRIAL DISPUTE. See INDUSTRIAL RELATIONS, STRIKE.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
The impact of the lockout on [y.sub.jit] in NHL counties is captured by [[delta].sub.NH] x [X'.sub.it] is a vector of explanatory variables that capture national economic conditions within each industry, and explanatory variables that capture county economic conditions, such as county unemployment, population growth rate, and a lagged dependent variable.
The images are linked to sources, including the 1911 Census and the Report of the Housing Inquiry, to demonstrate the dire poverty of many of those affected by the Lockout. A location map would have been a helpful accompaniment to the narrative, which is, by its own admission, complementary to Chris Corlett's Darkest Dublin (2008).
There are many kinds of lockout devices available on the market, each of which is suitable for a different application.
The Dublin lockout eventually ended early in 1914, when calls for a sympathetic strike in Britain were rejected by the TUC.
In January 1995, following a 102-day lockout, an eleventh-hour settlement was reached.
The team witnessed a similar phenomenon in 2004, when the NHL lockout lasted the entire season.
Exaxtly how the NHL lockout affected the fixtures was not specified.
" The lockout is certainly a blow for dealers and buyers.
Teamsters Local 117 failed to consider what Waste Management said was its final offer and the company is considering a lockout of its recycling and yard waste truck drivers, KIROFM in Seattle reported.
Lockout (15, 95mins Judging by the opening scenes for this film, I thought there had been a spelling mistake on the title.
Dj vu aside, Lockout works as a solid, if super-violent, movie featuring a typically robust turn from Guy Pearce, who was probably hired because Vin Diesel was unavailable at the time.
THE VERDICT Smartly paced and littered with impressive sci-fi special-effects set pieces, Lockout is a cool, actionpacked sci-fi thriller that delivers in terms of thrills and spills.