The supermarket businesses this brought heavy losses

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the supermarket businesses. This brought heavy losses to the supermarket chains until they decided to settle on a two-tier agreement. This agreement was reached on 24 February 2004 where the union members voted on an overwhelming 86 % to ratify the agreement.
LABOR AND EMPLOYEE RELATIONS 12 The terms of the settlement for the employees required affordable health care for current and new workers without weekly premiums for employees in the first two years. Nominal payments would be made in the third year if it was needed. The employers would inject 190 $ million to rebuild the health care reserves. The wage would average 500$ for first and third years of contract with a combined pension fund for current and new employees. Employers on their end set some conditions for the future employees that included, lowering of base salaries, changed the pay rate for Sunday work and required longer working periods before workers would earn benefits. Reference Budd, J. W. (2013). Labor relations: Striking a balance . New York: McGraw-Hill/Irwin. Week 6 Q.1 Advancement in technology has given rise to various situations that in a way have resulted to bettering or worsening the lives of people living in the contemporary world. One issue that has been facilitated by the growth of technology is the aspect of globalization. To facilitate an understanding of how globalization has influenced labor relations across the world, it is paramount providing a definition of globalization. The process in which business or governments of different states across the world develop international understanding or begin operating on an international scale is termed as globalization (Budd, 2013). Through ensuring that states across the entire world are conducting their business activities simultaneously, globalization has seen to it that business operations across the world are conducted as if the world is a small village.
LABOR AND EMPLOYEE RELATIONS 13 Due to the introduction of globalization, labor relations have been affected both positively and negatively. This sections of the discussion major its concentration on the impacts of globalization on labor relations. The fact that earnings employees earn from labor market presents the primary source of income in many countries makes it significant studying the effects of globalization on labor relations. Positive impacts of globalization on labor relations Starting with the positive results, it is a fact that they occur as a result of the elevated capacity of developing nations urge to develop new chances for work and production activities. According to Budd (2013), the drive that many developing countries have towards positive impacts on labor relations is fueled by the alleviation of price because of distortions of labor and capital. Moreover, globalization has also resulted in the creation of employment opportunities in countries that have embraced the issue of globalization. Additionally, the vertical links ensured by globalization has seen to it the acceptance of international standards of reasoning in which employees of developing countries are fed with international thinking standards.

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