A strike by tens of thousands of dockworkers on the East and Gulf coasts, that could have seriously hurt the U.S. economy had it continued, has been called off, according to a report by NPS.
All workers were called back to work Thursday, after a three-day strike, following a tentative agreement on wages between the International Longshoremen’s Association and the United States Maritime Alliance, representing ocean carriers and port operators.
The two sides have agreed to a 62% wage increase over six years, according to sources who were familiar with the deal but not authorized to speak publicly about it. The union had been seeking a 77% increase over six years. A day before the strike began, the companies had offered nearly 50% in raises.
Click here to read the full report by NPS.
The post Dockworkers Reach Agreement, Economic Disaster Averted first appeared on RVBusiness - Breaking RV Industry News.