January 02, 2025 12:04 GMT
US: Talks To Avert Port Strike Set To Resume On January 7
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Leaders from employers and unions representing US dockworkers are expected to resume contract talks on January 7, with the threat of another strike over port automation looming when a tentative agreement struck in October expires on January 15. Analysis from the Conference Board in September found that a port strike could cost the US economy USD$540 million per day.
- Bloomberg reports: “Tuesday’s planned talks are a welcome sign for importers and exporters bracing for a labor disruption that would shut every major port on the US East and Gulf coasts. Those gateways account for roughly half of all the country’s container volumes...”
- The central issue is whether employers can add semi-automated port terminals under the next labour contract. A tentative deal reached in October suspended a three-day strike and committed to a 60% pay increase for terminal operators, but left the issue of automation largely unresolved.
- Jonathan Gold at the National Retail Federation, said in a statement on X: “Let's hope the parties can actually get a deal. If not, they must do another extension to avoid a strike!”
- Trump, looking to avoid the political fallout from a strike ahead of his inauguration on January 20, appeared to back the anti-automation position in a Truth Social statement in December: "The amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers, in this case, our Longshoremen…"
- NYT noted: "[Trump's] intervention could help the longshoremen’s union win concessions and avoid the resumption of a strike..."
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