Monday, May 19, 2025
  • Business
  • Investing
  • World-news
  • Stock
No Result
View All Result
Finance Mastery News
Advertisement
  • Business
  • Investing
  • World-news
  • Stock
No Result
View All Result
Finance Mastery News
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
0
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

Ex-FBI informant behind fake Biden-Ukraine bribery allegations sentenced to 6 years in prison

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.

    • Trending
    • Comments
    • Latest
    Criminals are looting millions from ATMs in Europe. Here’s why Germany is a prime target

    Criminals are looting millions from ATMs in Europe. Here’s why Germany is a prime target

    October 28, 2024
    Israeli MP behind bill to expel key UN agency accuses US of interfering with process

    Israeli MP behind bill to expel key UN agency accuses US of interfering with process

    October 28, 2024
    British nurse Lucy Letby loses bid to appeal single attempted murder conviction

    British nurse Lucy Letby loses bid to appeal single attempted murder conviction

    October 25, 2024
    North Korean troops spotted in Russian border region with Ukraine, says Kyiv

    North Korean troops spotted in Russian border region with Ukraine, says Kyiv

    October 25, 2024
    Russia launches largest drone attack against Ukraine since beginning of war, Ukrainian military says

    Russia launches largest drone attack against Ukraine since beginning of war, Ukrainian military says

    0
    Private payroll growth slowed to 122,000 in July, less than expected, ADP says

    Private payroll growth slowed to 122,000 in July, less than expected, ADP says

    0
    The 10 worst states to retire in the U.S. No. 1 isn’t California or New York

    The 10 worst states to retire in the U.S. No. 1 isn’t California or New York

    0
    Boeing taps aerospace veteran Ortberg to replace Dave Calhoun as CEO

    Boeing taps aerospace veteran Ortberg to replace Dave Calhoun as CEO

    0
    Russia launches largest drone attack against Ukraine since beginning of war, Ukrainian military says

    Russia launches largest drone attack against Ukraine since beginning of war, Ukrainian military says

    May 19, 2025
    Secret nose job allegations, ‘Rolexgate,’ and the curse of the Peruvian presidency

    Secret nose job allegations, ‘Rolexgate,’ and the curse of the Peruvian presidency

    May 19, 2025
    Romania’s pro-EU candidate has lead over hard-right nationalist, preliminary election data shows

    Romania’s pro-EU candidate has lead over hard-right nationalist, preliminary election data shows

    May 19, 2025
    Having Trump’s ear is the new frontline in the Russia-Ukraine war

    Having Trump’s ear is the new frontline in the Russia-Ukraine war

    May 19, 2025

    Recent News

    Russia launches largest drone attack against Ukraine since beginning of war, Ukrainian military says

    Russia launches largest drone attack against Ukraine since beginning of war, Ukrainian military says

    May 19, 2025
    Secret nose job allegations, ‘Rolexgate,’ and the curse of the Peruvian presidency

    Secret nose job allegations, ‘Rolexgate,’ and the curse of the Peruvian presidency

    May 19, 2025
    Romania’s pro-EU candidate has lead over hard-right nationalist, preliminary election data shows

    Romania’s pro-EU candidate has lead over hard-right nationalist, preliminary election data shows

    May 19, 2025
    Having Trump’s ear is the new frontline in the Russia-Ukraine war

    Having Trump’s ear is the new frontline in the Russia-Ukraine war

    May 19, 2025

    Disclaimer: financemasterynews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Browse by Category

    • Business
    • Investing
    • Stock
    • World-news

    Recent News

    Russia launches largest drone attack against Ukraine since beginning of war, Ukrainian military says

    Russia launches largest drone attack against Ukraine since beginning of war, Ukrainian military says

    May 19, 2025
    Secret nose job allegations, ‘Rolexgate,’ and the curse of the Peruvian presidency

    Secret nose job allegations, ‘Rolexgate,’ and the curse of the Peruvian presidency

    May 19, 2025
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 financemasterynews.com | All Rights Reserved

    No Result
    View All Result

    Copyright © 2025 financemasterynews.com | All Rights Reserved