BLW 513 Lesson 6 – Labor Relations and Securities Regulation Introduction The purpose of a union is to represent the interests of employees to management. If there is a union representing employees, then proposed changes must be negotiated with the union. The relationship between the union and management is governed by a collective bargaining agreement or union contract entered into between management and labor. The collective bargaining agreement contains all relevant issues that may arise in the workplace and will provide a means of resolving conflicts. Most collective bargaining agreements have an arbitration clause requiring disputes to be resolved through Read More …