Summary of Looming East Coast port strike could slam shipments. Here's what to know
Summary of Looming East Coast port strike could slam shipments. Here's what to know
Roughly 45,000 dockworkers at East and Gulf coast ports are threatening to strike, which could severely hamper the flow of goods and raise shipping costs. The union is demanding a 77% wage hike and a ban on automation, while the shipping industry has offered a 'industry leading' pay hike. A strike could cost the US economy $5 billion a day and cause shortages of parts and products, with the auto and pharmaceutical industries being particularly affected.
quoting nevent1q…z3khLooming East Coast port strike could slam shipments. Here's what to know
Some 45,000 East and Gulf Coast port workers are ready to walk off the job on October 1. Here's what's at stake.
https://www.cbsnews.com/news/east-coast-port-strike-what-to-know/
Roughly 45,000 dockworkers at East and Gulf coast ports are threatening to strike, which could severely hamper the flow of goods and raise shipping costs. The union is demanding a 77% wage hike and a ban on automation, while the shipping industry has offered a 'industry leading' pay hike. A strike could cost the US economy $5 billion a day and cause shortages of parts and products, with the auto and pharmaceutical industries being particularly affected.