1. Please explain the elements and give recommendations for this issue.Issue 1: Who should handle Labour Relations - Headquarter or the subsidiary in theconcerned countryThe national dissimilarities in economics, political, and legal systems create diverse labour-relations system across countries, MNCS HQs typically delegate the control over labourrelations to their foreign subsidiaries. Having said that, the participation of the MNCheadquarters in host-country labour relations is impacted by 4 key elements:• In case there is a high level of inter-subsidiary production integration, the labourrelations function is centralized and is coordinated by the head quarter.The nationality of ownership of the subsidiary has an influence on who should takecare of employee relations.Furthermore, subsidiary character has a bearing on who should deal with employeerelations.• Finally, where a subsidiary is dependent more on its parent company for resources,you will see a greater corporate involvement in labour relations.

Industrial relations are defined as the interactions and relationships that exist in an industry,…

ational dissimilarities in economics, political, and legal systems create di ns system across countries, MNCS HQs typically delegate the contro ns to their foreign subsidiaries. Having said that, the participation uarters in host-country labour relations is impacted by 4 key elements:

ational dissimilarities in economics, political, and legal systems create di ns system across countries, MNCS HQs typically delegate the contro ns to their foreign subsidiaries. Having said that, the participation uarters in host-country labour relations is impacted by 4 key elements:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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