West Coast Port Labor Dispute ~ Tentative Agreement Reached!

Posted June 19, 2023
Category Company News
An agreement anticipated to bring stability to supply chains through West Coast ports for the foreseeable future was tentatively reached last week.  The agreement results in a sizeable pay increase and bonus structure for port workers on the West Coast.  The agreement results in an estimated increase in Dockworker pay of approx. 32% through 2028 and an estimated one-time bonus of approx. $70 million dollars in recognition of efforts and sacrifices made during the pandemic which is referred to as a “hero” bonus. While the six-year agreement must be ratified by employers and dockworkers, includes improvements in benefits and other…

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