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West Coast Port Labor Dispute Ends with Five-Year Contract

Posted By YM Administrator, Tuesday, February 24, 2015

Bloomberg reports that the West Coast dockworkers and their employers have signed a five-year labor contract, ending the threat of a potential shutdown of 29 West Coast ports, which could have cost the U.S. economy $2 billion a day. The article quotes Labor Secretary Tom Perez, who helped bring about the deal, as saying, "This is now in the rear-view mirror. A significant potential headwind for this economic recovery has been removed." The deal ends a nine-month negotiation process between the International Longshore and Warehouse Union and the Pacific Maritime Association that has seen significant delays in the movement of freight at several West Coast ports. (Read More)


Tags:  $2 billion a day  29 West Coast Ports  five-year labor contract  International Longshore and Warehouse Union (ILWU)  Labor Secratary  Pacific Maritime Association (PMA)  PMA  Tom Perez  West Coast Ports 

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