Disclosure of Information/Sharing of Information
Disclosure of Information/Sharing of Information : The sharing of critical information on the firm, particularly of a financial, economic and social nature, with the workers and their bargaining agent. Trade unions constantly call for this, since it would ensure that there is more equity in the collective bargaining process. This information would include: market share and market trends, sales volume, export sales, new products launched over time (roughly a two-year period), net sales, operating income, cash flow, net profits, investments, advertising costs, research expenditure, dividend payments, profit sharing payments, structure of the workforce (numbers and categories), total wage costs, total social contributions, hours worked, absentee rate, safety and health statistics, deployment of new technology and plans for new technology, and education and training statistics(planned and actual)
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