Answer :

In light of the above statement, the difference between a strike and a lockout is given below.

A strike is a situation where the workers do not work because they want to have better wages. It is a risky move on the part of the workers because the management may not decide to take them back after the strike, and they may employ substitute labours.

On the other hand, a lockout is a situation when the management closes down the factory or industry for a particular period of time. They shut down the gate of the factory and do not allow any worker to enter. It may occur due to the following reasons:

a. Bankruptcy.

b. Sale of the factory.

c. A legal case on the factory

In such a case, the management has to pay compensation to the employees or take them back.

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
view all courses

In an industrial Sociology - Board Papers

In response to thSociology - Board Papers

Economist and othSociology - Board Papers

In the accoNCERT - Social Change and Development in India