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Today's Terms
Illegal strike
Definition:
Illegal strikes are considered those, that attempt to force an employer to join a union, prevent the employer from doing business with someone, strikes that begin within 60 days preceeding the labor agreement and the ones that force the employer
Panic
Definition:
A series of unexpected cash withdrawals from a bank caused by a sudden decline in depositor confidence or fear that the bank will be closed by the chartering agency.
Wildcat strike
Definition:
A wildcat strike refers to any type of strike that is not sanctioned by the union. Wildcat strikers are not protected by the NLRA provisions and may be permanently terminated by the employer.
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