The terms 'strike' and 'lockout' are commonly used in industrial relations. They both refer to a situation where an employer or employee group refuses to work due to a disagreement over wages, working conditions, etc. This article will discuss the differences between strike and lockout and how they affect businesses.
About Difference Between Strike And Lockout
|A work stoppage by a group of employees to express dissatisfaction with wages, working conditions or other aspects of their employment.
|An action taken by an employer to prevent its workers from entering the workplace until certain demands are met.
|Workers (strike) / Employer (lockout)
|To pressure employers into making concessions (strike) / To make workers accept terms offered by the employer (lockout)
|Usually short-term (strike) / Can be long-term (lockout)
|Effect on Workers
|Loss of income during strike period (strike) / Loss of income and job security (lockout)