According to CNN- Members of the International Longshoremen’s Association, the union representing 50,000 members covered under the contract with the United States Maritime Alliance, were back on the job early Friday after the two sides reached an agreement on the key dispute in the strike that started early Tuesday – the scale of wage increases.
The work stoppage had threatened to disrupt supply chains, causing shortages of some consumer goods and supplies needed to keep US factories running. It also temporarily cut off the flow of many American exports, putting overseas sales at riskfor some US businesses.
The maritime alliance, which operates under the acronym USMX, agreed to raises of $4 an hour for the union members on top of the current base pay of $39 an hour, an immediate raise of just more than 10%, according to a person familiar with the deal. Then union members will get additional $4-per-hour raises every year during the life of the six-year tentative deal. That will raise pay by a total of $24 an hour during the life of the contract, or by62% in total.
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