labor relations

noun
the relations between management and labor, especially with respect to the maintenance of agreements, collective bargaining, etc.: The firm had excellent labor relations and therefore few work stoppages.

Origin:
1940–45

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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But in labor relations the bottom line isn't always the bottom line.
Labor relations are usually excellent, based on teamwork and shared values.
Adding the chaos and expense of a merger will not improve the toxic rot of horrible labor relations and muddled management.
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