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The Anderson Economic Group estimated that the U.S. economy would lose $2.1 billion from a one-week strike, $1.5 billion due to the loss in value or degradation of items such as perishable goods, $400 million for transportation company losses, and $200 million in lost wages for the striking port workers.
"Remember, when we had the (General Motors) strike earlier in the year, they kept the strike to one plant at a time. So, GM has 20 plants, they shut down one of them. This one is broad-based, from ...
The good news is that many of Costco's imports that might be affected by the strike are non-food items, which gives the retailer more flexibility in how it manages these disruptions. Christmas ...
Dockworkers at ports from Maine to Texas began walking picket lines early Tuesday in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on ...
Longshore worker and crane operator Al Webster joined the Seattle march on May 1, 2007 to call for an end to the Iraq war. In protest of the Iraq War, the ILWU encouraged longshore workers to "shut down all West Coast ports" by walking off the job on May 1, 2008, to "make May Day a 'No Peace, No Work' holiday." On May 1, more than 10,000 ILWU ...
Organized by the International Longshoremen's Association (ILA), the strike peaked with the death of two workers on "Bloody Thursday" and the subsequent San Francisco General Strike, which stopped all work in the major port city for four days and led ultimately to the settlement of the West Coast Longshoremen's Strike.
Longshoremen are on strike, shutting down East, Gulf ports. Economic losses of $5 billion per day can mean shortages, inflation and layoffs.
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