SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

The Major Strike in the USA Called Off – For Now

The union representing 45,000 striking dockworkers in the USA has reached an agreement with its counterpart. This means that the strike will be paused until January 15.

» Updated: 04 October 2024, 05:39

» Published: 04 October 2024

The Major Strike in the USA Called Off – For Now
Photo: Seth Wenig/AP/TT

The dockworkers will return to work with immediate effect, while their union – International Longshoremen's Association (ILA) – will continue to negotiate with the employers' representatives.

A source with insight tells AP that the offer of wage increases has been raised from around 50 percent over six years to 62 percent. It is still a bit below ILA's demand of 77 percent, which is intended to cover, among other things, the inflation that has eroded the members' purchasing power in recent years. The union also wants to stop all forms of automation.

Almost 40 ports along the entire East Coast and the coast of the Gulf of Mexico in the south – including major ports in New York, New Jersey, Savannah, and Houston – have been affected by the strike.

Economists at JP Morgan Chase & Co have estimated the losses caused by the strike to be up to 4.5 billion dollars (equivalent to 46 billion kronor) per day.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Visa facilitation to boost China's tourism
1 MIN READ

Visa facilitation to boost China's tourism

Upswing on the Stockholm Stock Exchange persists
1 MIN READ

Upswing on the Stockholm Stock Exchange persists

Japanese households receive part of billion package
1 MIN READ

Japanese households receive part of billion package

Airline Launches Thailand Route from Arlanda
1 MIN READ

Airline Launches Thailand Route from Arlanda

Slight increase in apartment building
1 MIN READ

Slight increase in apartment building

Northvolt's CEO is leaving: An emotional day
3 MIN READ

Northvolt's CEO is leaving: An emotional day

Strike hits French Cognac
1 MIN READ

Strike hits French Cognac

Upbeat in Japan – Gloomy in China
1 MIN READ

Upbeat in Japan – Gloomy in China

Took a tough stance on crypto companies - resigns
1 MIN READ

Took a tough stance on crypto companies - resigns

Ingvar Carlsson on PG: "A very loyal friend"
2 MIN READ

Ingvar Carlsson on PG: "A very loyal friend"

No Wage Guarantee in American Process
1 MIN READ

No Wage Guarantee in American Process

He became "PG" to the entire Swedish people
3 MIN READ

He became "PG" to the entire Swedish people

PG Gyllenhammar has died: "meant a lot"
1 MIN READ

PG Gyllenhammar has died: "meant a lot"

Unstable US stock market ends on a plus
1 MIN READ

Unstable US stock market ends on a plus

Temu's owner shows its hand
1 MIN READ

Temu's owner shows its hand

Nvidia rises in pre-trading on Wall Street
1 MIN READ

Nvidia rises in pre-trading on Wall Street

Reconstruction in the USA to save Northvolt
3 MIN READ

Reconstruction in the USA to save Northvolt

Northvolt: Negotiations are still ongoing
3 MIN READ

Northvolt: Negotiations are still ongoing

Higher Compensation for Job Interviews in Another Location
1 MIN READ

Higher Compensation for Job Interviews in Another Location

Vehicle Giant Warns of Challenges in 2025
1 MIN READ

Vehicle Giant Warns of Challenges in 2025