Dockworkers go on strike at East and Gulf Coast ports

Published On Oct 1, 2024, 12:17 AM

Dockworkers at 36 East and Gulf Coast ports have gone on strike due to failed negotiations for a new contract, marking the first strike for the International Longshoremen's Association (ILA) since 1977. The strike could result in daily economic losses estimated between $3.8 billion and $4.5 billion. The ILA is demanding higher wages and protections against automation, while a recent offer from port employers included substantial wage increases and benefits, which the union rejected. The U.S. economy, which relies heavily on these ports for imports and exports, is likely to see significant disruptions.