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What does LBO stand for?

LBO stands for Last Best Offer (collective bargaining)

This definition appears somewhat frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of LBO

Other Resources:
We have 37 other meanings of LBO in our Acronym Attic

Samples in periodicals archive:

Murphy's decision for the employees invalidates "Ficano's imposition of the last best offer as it fixes the rate of compensation for county employees, including fringe benefits, per diem rates and lump sum payments in lieu of reimbursed expenses," because the executive implemented the cuts "without the approval of the Wayne County Commission.
Currently, the government pays a property owner's legal fees only if the property owner takes the condemnation dispute to court and wins a jury award higher than the government's last best offer before trial.
Jere Shaub, chief union steward for Children & Youth said, "they come back during the day with a proposal that was significantly less than the last best offer that we voted to strike over.