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The research group further predicted that the losses per day would accelerate the longer the strike went on. [10] J.P. Morgan estimated a higher $3.8 billion to $4.5 billion loss per day for the economy for the length of the strike, with some losses recovered following the strike's end. [6]
In their first strike since 1977, ILA dockworkers have been pushing for a 77% pay raise over the life of the contract and a halt on automation that could replace union jobs at U.S. ports.
The union had been willing to consider the $4-an-hour deal before the strike, union boss Harold Daggett said on the picket line outside the Port of New York and New Jersey early Tuesday, soon ...
The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports reached a deal Thursday to suspend a three-day strike until Jan. 15 to provide time to negotiate a new contract.
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Dockworker strike shuts down ports in the East, threatening big hit to the U.S. economy. Don Lee. October 1, 2024 at 10:05 AM. Workers take part in a port strike in Bayonne, N.J. (Eduardo Munoz ...
Just how much American consumers and the U.S. economy will be impacted by the strike's immediate disruption of ports that handle about half of the country's trade in cargo containers depends on ...
A strike among tens of thousands of dockworkers threatens to upend the delivery of everyday products nationwide and reignite inflation weeks before the presidential election. The high-stakes ...