Final answer:
Multinational corporations engage in 'whipsawing' to pressure unions into accepting lower wages by leveraging their global production options. This practice leads to criticism despite MNCs providing certain economic benefits like infrastructure and jobs in host countries.
Step-by-step explanation:
The practice of MNCs (multinational corporations) using their internal source of products and profits from facilities in several countries to bargain down wages, benefits, and other employment conditions is known as c. whipsawing the union.
This term reflects the strategic move by MNCs to pit workers in different countries against each other, pressuring them to accept lower compensation by threatening to move production to a location with more concessionary labor costs.
Despite potential benefits such as access to industrial jobs, investment in local infrastructure, and technology spillovers, this practice often leads to criticism. Critics argue that MNCs take advantage of weak labor and environmental regulations in host countries to exploit labor and maximize profits.
The practice of leveraging facilities in multiple countries to bargain down wages, benefits, and other employment conditions is known as whipsawing the union.
This term refers to the strategy used by multinational corporations (MNCs) to use their internal source of products and profits to gain an advantage in negotiations with labor unions.