00:01 Collective bargaining involves negotiation between employers and employees. 01:26 Collective bargaining is a process where employment conditions are determined through negotiation between worker representatives and employers. 02:56 Collective bargaining involves negotiation between employer and employees for mutual benefit. 04:15 Collective bargaining ensures flexibility and cooperation in difficult situations. 05:34 Collective bargaining process and productivity negotiations 06:50 The collective bargaining process involves negotiation and settlement 08:10 Collective bargaining is about reaching an agreement with the consent of both parties. 09:36 Collective bargaining benefits all stakeholders by dividing industry profits and improving work conditions.