Port strike ends with agreement between operators and dockers: 62% increase over 6 years, from $39/hour to $63/hour

puertos comercio

Norbolsa : The strike in the Eastern USA ports has come to an end, with the agreement between the operators and the dockers, in what has been the longest conflict in the last 50 years. They have obtained a rise of 62% over 6 years, with the hourly wage rising from 39$/h to 63$/h. With the reopening of ports, there is a relief in the market, which feared the impacts on supply chains, and in particular for the retail sector which was the most dependent on supplies.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.