A deal has been struck to end the US port strike.
“Effective immediately, all current job actions will cease and all work covered by the Master Contract will resume,” both parties said in a joint statement.
Dockworkers will see an approximately 62% wage hike over six years under the new deal, a source familiar with the bargaining process told Reuters. The union had been asking for a 77% raise.
With the biggest issue — wages — settled, both sides have agreed to extend their master contract through Jan. 15, 2025, to continue bargaining on several other outstanding contract issues while dockhands are back at work. The extension buys both parties time to negotiate a new six-year contract.
The strike, which began just after midnight Tuesday when the prior contract expired, was the first time dock workers with the union walked off the job since 1977.