ILA Longshoremen Agree to Return to Work
Agricultural groups breathed a sigh of relief late Thursday when the International Longshoremen's Association (ILA) agreed to return to work at ports along the East Coast and Gulf of Mexico.In a statement on their Facebook page Thursday evening, the ILA said: "International Longshoremen's Association (ILA) and the United States Maritime Alliance, Ltd. (USMX) have reached a tentative agreement on wages and have agreed to extend the Master Contract until Jan. 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."
Dow Jones reported the breakthrough Thursday came after port employers offered a 62% increase in wages over six years, according to people familiar with the matter. "The new offer, up from an earlier proposed raise of 50%, came after the White House privately and publicly pressed the large shipping lines and cargo terminal operators who employ the longshore workers to make a new offer to the union."
Source: DTN