Lockout
Definition
A lockout is a work stoppage initiated by an employer during a labor dispute. It's when the management closes the workplace to prevent employees from working, usually in response to strikes or other labor unrest.
Analogy
Think of a lockout like a school principal locking the doors to prevent students from entering because they've been protesting about cafeteria food. The principal uses this tactic until the students agree to stop their protest and comply with the rules.
Related terms
Strike: A strike is when workers collectively decide to stop working in order to protest against certain conditions or decisions made by their employers.
Collective Bargaining: This refers to negotiations between an employer and a group of employees (often represented by a union) aimed at reaching agreements that regulate working conditions.
Labor Union: An organization of workers who come together to achieve common goals such as better pay, safer working conditions, and fair treatment from their employers.
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