Tuesday, June 24, 2025
Invest Strategies Group
  • Investing
  • Economy
  • Business
  • Stock
No Result
View All Result
Invest Strategies Group
  • Investing
  • Economy
  • Business
  • Stock
No Result
View All Result
Invest Strategies Group
No Result
View All Result
Home Business

Dockworkers union, port companies reach tentative 6-year deal

admin by admin
January 10, 2025
in Business
0
Dockworkers union, port companies reach tentative 6-year deal
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Tens of thousands of dockworkers reached a tentative agreement Wednesday on a new, six-year contract with the U.S. Maritime Alliance, which represents 14 major ports from Boston to Miami and along the Gulf Coast from Mobile, Alabama, to Houston.

Both sides say the tentative agreement will avoid a looming strike at midnight Jan. 15. “We are pleased to announce that ILA and USMX have reached a tentative agreement on a new six-year ILA-USMX Master Contract, subject to ratification, thus averting any work stoppage,’ the parties announced in a news release.

“This agreement protects current ILA jobs and establishes a framework for implementing technologies that will create more jobs while modernizing East and Gulf coasts ports — making them safer and more efficient, and creating the capacity they need to keep our supply chains strong.’

The primary sticking point in talks between the International Longshoremen’s Association and the Maritime Alliance was automation. ILA President Harold Daggett repeatedly promised dockworkers there would be no automation or semi-automated terminals. ‘I’m going to save everybody’s job when it comes to the ILA. … I’ll shut them down throughout the world.’

The Maritime Alliance has said it was not seeking to implement automation to replace workers.

“What we need is continued modernization that is essential to improve worker safety, increase efficiency in a way that protects and grows jobs, keeps supply chains strong, and increases capacity that will financially benefit American businesses and workers alike,’ it said in November.

The tentative agreement caps months of back-and-forth between the workers and the ports. In September, at least 14 ports across the East Coast shut down for days, stranding billions of dollars in goods. A strike could have exposed the U.S. economy to as much as $4.5 billion of impact per week, according to an estimate last year from J.P. Morgan.

The union says details of the agreement will not be released until rank-and-file workers are able to review it.

This post appeared first on NBC NEWS

Previous Post

Disney says about 157 million global users are streaming content with ads

Next Post

Tariff threat looms over the year’s biggest electronics show

admin

admin

Next Post
Tariff threat looms over the year’s biggest electronics show

Tariff threat looms over the year’s biggest electronics show

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recommended

    Gold and Silver Are Crushing the S&P 500! Here’s What You Need To Know Now!

    Gold and Silver Are Crushing the S&P 500! Here’s What You Need To Know Now!

    February 22, 2025
    Jindalee Lithium

    Jindalee Lithium

    November 22, 2024

    Recent News

    US Strikes Iran:  What Comes Next For Stocks?

    US Strikes Iran: What Comes Next For Stocks?

    June 23, 2025
    Lagging Mid-cap ETF Hits Moment of Truth

    Lagging Mid-cap ETF Hits Moment of Truth

    June 23, 2025
    Thick zones of HM mineralisation observed across Douala HM Project

    Thick zones of HM mineralisation observed across Douala HM Project

    June 23, 2025
    Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

    Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

    June 23, 2025
    Invest Strategies Group

    Browse by Category

    • Business
    • Economy
    • Investing
    • Stock

    Recent News

    US Strikes Iran:  What Comes Next For Stocks?

    US Strikes Iran: What Comes Next For Stocks?

    June 23, 2025
    Lagging Mid-cap ETF Hits Moment of Truth

    Lagging Mid-cap ETF Hits Moment of Truth

    June 23, 2025
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investstrategiesgroup.com | All Rights Reserved

    No Result
    View All Result
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
    • Home 6
    • Privacy Policy
    • Suspicious Page
    • Terms & Conditions
    • Thank you

    Copyright © 2025 investstrategiesgroup.com | All Rights Reserved