{{short description, Agreement between a union and a new employer, that does not yet have employees
A Greenfield agreement is an agreement between a union and a new employer that does not yet have employees
This has a number of benefits for the
employer
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any othe ...
. A key advantage is that a greenfield agreement does not require the approval of any employees whose
employment
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any othe ...
would be subject to the agreement. Basically, there are no employees to negotiate with. Another key benefit is that a greenfield agreement provides an employer with the opportunity to shut out less desirable unions as parties and therefore effectively having a presence at the new business before the employment of any employees.
Greenfield agreements must involve a ''genuinely'' new
enterprise
Enterprise (or the archaic spelling Enterprize) may refer to:
Business and economics
Brands and enterprises
* Enterprise GP Holdings, an energy holding company
* Enterprise plc, a UK civil engineering and maintenance company
* Enterprise ...
; a business cannot simply initiate a new project and use this as grounds to negotiate a greenfield agreement
See also
*
Greenfield land
Greenfield land is a British English term referring to undeveloped land in an urban or rural area either used for agriculture or landscape design, or left to evolve naturally. These areas of land are usually agricultural or amenity properties b ...
*
Greenfield project
In many disciplines, a greenfield project is one that lacks constraints imposed by prior work. The analogy is to that of construction on greenfield land where there is no need to work within the constraints of existing buildings or infrastructure ...
*
Greenfield investment
In many disciplines, a greenfield project is one that lacks constraints imposed by prior work. The analogy is to that of construction on greenfield land where there is no need to work within the constraints of existing buildings or infrastructure ...