Vice President Harris says stockpile deal ‘shows solid contract progress’
ImportGenius CEO and co-founder Michael Kanko discusses the results and implications of the consumer port strike on ‘The Big Money Show.’
Striking American workers will return to work on Friday after reaching a partial settlement with employers. Vice President Kamala Harris says the deal “represents strong contract progress”
The return of the dock workers is subject to a negotiated settlement that includes an improved wage proposal of a 62% pay rise.
Harris applauded the efforts of everyone involved, saying “This step shows progress toward a strong contract and represents the power of collective bargaining.”
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Port of Miami dock workers are striking near the port entrance and demanding a new labor contract on October 1, 2024 in Miami, Florida. (Photo by GIORGIO VIERA/AFP via Getty Images)
DOCKWORKER GET SURPRISING ANSWER WHEN ASKED IF THEY SUPPORT VP HARRIS
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 for full renegotiation.” the rest is trouble.”
Harris, who appeared to agree with the union’s decision to fight for better wages, said “this is about fairness – and our economy works best when workers share in record profits. Dock workers deserve a fair share of their hard work to deliver essential goods to communities across America.”
Workers strike at the Bayport Container Terminal in Seabrook, Texas, on October 1, 2024. Officials at 14 ports along the US East and Gulf Coasts were making last-minute preparations on September 30 for a labor strike. (MARK FELIX/AFP via Getty Images)
Although workers are scheduled to return on October 4, many terminals have issued statements saying that some terminals will remain closed.
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Transportation Secretary Pete Buttigieg issued a statement assuring the US that the transition will be done in an orderly and appropriate manner.
“I want to thank everyone involved for putting the country first, finding a way forward to reopen the ports, and making sure that important goods – including those going to areas hit hard by Hurricane Helene – will be moving again,” Buttigieg said.
The Port of Baltimore is recognized as longshoremen with the International Longshoremen’s Association’s (ILA) walkout on October 01, 2024 in Baltimore, Maryland. (Photo by Kevin Dietsch/Getty Images)
“In the coming days and weeks, our Department will continue to work closely with stakeholders across the American supply chain to support an orderly process to restore these ports to work and promote a positive outcome in future contract negotiations,” Buttigieg said.
FOX Business’ Bradford Bets and Breck Dumas contributed to this report.
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