US East, Gulf Coast dockworkers ratify 6-year contract

The International Longshoremen’s Association has overwhelmingly voted to ratify a new six-year labor contract with the U.S. Maritime Alliance, Bloomberg reported Feb. 25. 

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Nearly 99% of dockworkers backed the deal, ILA President Harold Daggett announced. The agreement follows last October’s three-day strike that disrupted half of the U.S. container trade. 

The new contract, valued at $35 billion, includes a 62% wage increase, enhanced healthcare benefits and full protections against job-replacing automation. Retailers and importers welcomed the resolution, easing concerns over supply chain instability and shifting trade policies, according to the report. 

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