This week’s port strike across the US east and Gulf coasts came to an end on Thursday after dockworkers struck a tentative deal with port operators.
The International Longshoremen’s Association (ILA) announced that the union had reached an agreement with the United States Maritime Alliance (USMX) on wages, suspending their walkout until January. Work resumes straight away.
The tentative agreement is for a wage hike of around 62%, a source familiar with the matter told Reuters.
Both sides said in a statement they would return to the bargaining table to negotiate all outstanding issues while their existing contract would be extended through to January 15.
In a statement from the White House, president Joe Biden said: “Collective bargaining works, and it is critical to building a stronger economy from the middle out and the bottom up.”
