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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.
Some 45,000 dockworkers at East and Gulf coast ports are returning to work after their union reached a deal to suspend a strike that could have caused shortages and higher prices if it had dragged on.
It is the first strike since 1977 for the International Longshoremen’s Assn., whose 47,000 members handle cargo operations at three dozen ports on the East and Gulf coasts that together receive ...
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]
The strike was suspended late Thursday until January 15, with workers securing wage increases for each year of the contract, as well as protections against automation "and other issues that we ...
It comes after members of the ILA had ended a three-day walkout in October after reaching a tentative deal with the USMX that initially suspended the strike until Jan. 15. While resolving issues ...
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 ...
Update: The dockworkers strike was suspended Thursday as the sides came to a tentative agreement on wages.Read the latest on CBSNews.com.. As the port strike continues into its third day, some ...