By The Daily Wire (World News) | Created at 2024-10-04 00:00:21 | Updated at 2024-10-06 22:47:47
3 days ago
The dock worker strike that reportedly cost the economy billions per day just weeks before the election has ended with the union and port ownership striking a “tentative agreement” on Thursday.
In a joint statement, the International Longshoremen’s Association and port ownership, represented by the United States Maritime Alliance, announced they would extend the expired contract until January.
The two sides said they “have reached a tentative agreement on wages and have agreed to extend the Master Contract until January 15, 2025 to return to the bargaining table to negotiate all other outstanding issues.”
“Effective immediately, all current job actions will cease and all work covered by the Master Contract will resume,” the statement read.
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According to a source cited by CNN, “The agreement on wages amounts to a $4-per-hour raise for each year of the six-year contract…” The outlet also noted that a tentative deal would have to be ratified by members of the International Longshoremen’s Association.
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