‘Kudlow’ panelists Steve Moore and Michael Faulkender react to booth workers striking over pay and equipment.
Striking American workers will return to work on Friday after reaching a tentative agreement with employers on an improved wage proposal.
The conditional offer was a 62% pay raise, FOX Business has learned.
The offer is on the table for the next 90 days. If no agreement is reached at that time, the proposed wage increase will be taken off the table.
The International Longshoremen’s Association, which represents 45,000 striking U.S. workers, said the union and USMX reached “a tentative agreement on wages and agreed to extend the Master Contract until January 15, 2025 to return to the bargaining table to discuss all other remaining problems.”
DESANTIS BRINGS NEWS TO HANDS AS UNACCEPTABLE STRIKE THREATS PRODUCT SUPPLY
The Port of Baltimore is recognized as longshoremen with the International Longshoremen’s Association’s (ILA) walkout on October 01, 2024 in Baltimore, Maryland. (Kevin Dietsch / Getty Images / Getty Images)
“From now on, all existing work will stop and all work covered by the Master Contract will begin again,” the union said in a statement.
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Ship workers at several US ports went on strike Tuesday for the first time in nearly 50 years for better wages and automation.
The US Maritime Alliance (USMX), which represents workers at the port, has previously raised its proposal to raise wages by 50% over the next six years.
This is a developing story. Check back for updates.
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