Port Strike Ends After 3 Days: Retaliers, Politicians Breathe A Sigh Of Relief

Retailers and politicians reacted to the International Longshoremen's Association (ILA) and U.S. Maritime Alliance’s (USMX) tentative deal to end the ongoing port strike.

What Happened: East Coast dockworkers went on strike Tuesday following their contract lapse with port employers.

The dockworkers sought a 77% pay increase over the next six years and workplace protections for automation of port practices.

Several experts thought a prolonged strike could seriously harm U.S. supply chains, though they pegged the likelihood of a strike continuing for more than a few days to be low.

The strike ended Thursday night following the USMX’s offer to increase pay by 62%. The contract was extended to Jan. 15, giving both sides time to negotiate on other issues such as port automation.

Reporting by Reuters attributed the success of negotiations ...

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