East Coast port strike: ILA union rejects wage hike offer near 50% as shutdown at midnight nears
Publishing timestamp: 2024-09-30 11:00:01
Summary
USMX offered a wage hike of nearly 50% to the ILA in hopes of avoiding a strike at 14 ports, but the offer was rejected. The strike could have significant economic impacts, with billions of dollars in trade at risk. The Biden administration has urged both parties to reach a fair agreement quickly.
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Source: https://www.cnbc.com/2024/09/30/ports-strike-truckers-rails-billions-in-cargo-shutdown.html