Fair Work Australia has set out the principles of bargaining in good faith: the Swedish Industrial Employers` Association is bound by thirteen collective agreements. Seven of them are workers` contracts. The workers` union Industrifacket Metall is a counterpart in five agreements, Pappers (the Swedish union of paper workers), GS (the Swedish Union of Forestry, Wood and Graphics Workers) in one and SEKO (The Union of Service and Communication Employees) in two. The Swedish Confederation of Industrial Employers is also bound by four collective agreements for employees. The counterparts to this agreement are the employee unions Ledarna (the Swedish Management Organisation), Unionen and Sveriges Ingenjörer (Swedish Federation of Graduate Engineers). In addition, the Swedish Industrial Employers` Association is bound by a collective agreement which includes both counterparties and employees in the same agreement with Pappers (the Swedish Paper Workers` Union) as a fellow worker. The United States recognizes collective agreements    In Finland, collective agreements are universal. This means that a collective agreement in a sector of activity becomes a universal legal minimum for everyone`s employment contract, whether unionized or not. For this condition to apply, half of the workers in this sector must be unionized and therefore support the agreement.
This chapter provides a comprehensive and up-to-date overview of collective bargaining systems and rules of employee participation in OECD countries. Despite the decline in union density and collective bargaining coverage over the past 40 years, collective bargaining remains an important institution in the labour market. However, understanding of this key institution is limited by the fact that collective bargaining systems are often described by crude and oversimplified indicators in the literature. This chapter describes in more detail the characteristics of collective bargaining systems, which are particularly important for labour market outcomes. .