An In the News article titled "Caterpillar vs.the IAM" describes collective bargaining as

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Collective bargaining refers to the direct negotiations between employers and labor unions in order to reach an agreement on working conditions, wages, and benefits for workers. This process typically involves representatives from both the company and the union sitting down and discussing their respective positions and negotiating a compromise. In the case of the article "Caterpillar vs. the IAM," the International Association of Machinists and Aerospace Workers (IAM) is the bargaining representative for Caterpillar's workers.

An in the News Article Titled "Caterpillar Vs