What are strikes and lockouts?

What are strike and lockouts?

Strike: It is a termination of work by a group of person employed in any industry. Employee have to give at least 14 days notice for strike and notice is valid only if strike commences within 6 weeks otherwise fresh notice is required. Wages during strike is payable only if the strike is legal and justified.

Lockout: It means temporary closing of a place of employment or the suspension of work or the refusal by an employer to continue to employ any number of persons employed by him. An employer cannot declare lockout without 14 days prior notice. Wages during lockout is payable, if lockout by employer is legal and justified.