Days after thousands of dockworkers went on the biggest strike in decades, the union announced a tentative agreement on wages Thursday and extended a deadline for bargaining.
"The International Longshoremen’s Association and the United States Maritime Alliance, Ltd. have reached a tentative agreement on wages," the union and the alliance said in a joint statement.
"Effective immediately, all current job actions will cease and all work covered by the Master Contract will resume," the union said.
The International Longshoremen’s Association, known as the ILA, argued that big global cargo carriers have raked in huge profits since pandemic-era supply-chain snags drove up freight rates, and that workers haven’t sufficiently shared in those gains.
United States Maritime Alliance, or USMX, represents major ocean freight and port operators.
Persons:
dockworkers, snags, haven’t
Organizations:
Longshoremen’s Association, United States Maritime Alliance, Ltd, ILA