What is an economic strike?

Economic strike is an event in which all efforts to produce goods and services are temporarily closed through work, usually due to a stand by employees who normally administer the tasks necessary to maintain the production process. There are a number of reasons why this type of strike may occur, and the perception of insufficiency in compensation offered to those employees is one of the more common. The economic strike can be voluntarily called workers associated with a specific employer and organized at a local level, or may include a call for a strike by a trade union and have impact on a number of trade union members.

With an economic strike, the main problem often concerns the level of compensation that workers accept in exchange for their efforts in the workplace. This compensation can focus on actual wages or salaries, but may also include concerns about other forms of compensation currently expanded to employees. For example, workers can evoke economicOU strike to protest the lack of sickness pay or group health insurance benefits and decide not to work until the employer fails to open the dialogue and work to achieve any compromise with employees.

Most trade unions have specific regulations that provide the basis for determining whether a particular situation requires an economic strike. The aim is to ensure that the strikes are not induced without making adequate efforts in advance to solve employees' concerns. In addition, some types of strike activities are discouraged or even illegal in different countries, which is necessary to perform an economic strike in accordance with land laws. For example, strategies, such as Wildcat, work slowing or SIT-ins, can be explicitly prohibited according to trade union rules, as they are also considered according to current laws and employment regulations.

for the bestThe threat is a threat of responsibly organized economic strike, often sufficient for employees and employers to dialogue and try to avoid complete stopping work. In many cases, cooperation and achieving a compromise with which both parties can live in favor of all participants. If negotiations are successful and avoids economic strike, employees do not have to fight financially due to loss of income from permanent work. At the same time, employers are able to circumvent the risk of losing business due to delay in fulfilling customers' orders.