World Daily News
Business
United States

Historic Strike by US Dockworkers Paralyzes East Coast Ports, Threatening Supply Chain

Images from the reference sources
A historic strike by over 45,000 dockworkers has paralyzed East Coast ports, threatening the U.S. supply chain with potential delays and increased prices. The International Longshoremen’s Association demands significant wage increases amid stalled negotiations with the United States Maritime Alliance.

Historic Strike by US Dockworkers Paralyzes East Coast Ports

In a significant labor action, more than 45,000 dockworkers across 14 ports from Maine to Texas initiated a strike at 12:01 a.m. on Tuesday, marking the first such action since 1977. The strike was prompted by the breakdown of negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX), which represents maritime and port employers. The ILA is advocating for a new six-year collective agreement to address wage increases and working conditions.

Harold J. Daggett, the 78-year-old president of the ILA, has been vocal about the union's demands, which include a 77% pay increase over the six years to combat inflation. While the USMX has offered a nearly 50% wage increase and improvements in retirement and healthcare benefits, the union argues that these proposals fall short of their needs. The dispute has escalated, with Daggett warning that the strike would

Clam Reports
Refs: | TELEMUNDO | Le Figaro |

Trends

Business

Thieves Steal Hundreds of Thousands in Luxury Goods from Paris Louis Vuitton Store in Just 4 Minutes

2024-10-02T17:18:10.827Z

Discover the shocking details of a recent robbery at a Louis Vuitton store in Paris where thieves made off with hundreds of thousands of euros worth of luxury goods in just 4 minutes. Explore the growing trend of luxury store heists and ongoing investigations.

Business

ABBYY Implements Mass Layoffs Amid Transformation Strategy, Sparking Russophobia Concerns

2024-10-02T12:08:20.769Z

ABBYY, a leading software developer, has laid off a significant number of Russian employees as part of its transformation strategy, raising concerns over discrimination and Russophobia. Learn more about the implications of these layoffs and the company's future direction.

Business

US Economy Surges with 143,000 Jobs Added in September, Surpassing Expectations

2024-10-02T17:48:23.865Z

The US economy added 143,000 jobs in September, surpassing expectations and signaling a strong labor market. The Federal Reserve's recent interest rate cuts reflect ongoing economic adjustments.

Business

Gulf Wealth Funds Invest $55 Billion in Global Markets, Attracting International Talent

2024-10-02T15:58:10.435Z

Gulf wealth funds have invested $55 billion globally in 2024, dominating government-backed investments. Their growing influence is attracting international talent and reshaping economic landscapes.

Business

Delivery Drivers Earn Below Minimum Wage: New Report Reveals Alarming Trends

2024-10-02T13:28:08.704Z

A new report reveals that many delivery drivers in France earn less than the minimum hourly wage, raising concerns about financial stability and the need for platform accountability.

Business

OPEC+ Confirms Production Increases Amid Market Surplus Fears

2024-10-02T22:38:02.114Z

OPEC+ has reaffirmed its commitment to planned oil production increases despite concerns over a potential market surplus. The group will begin monthly increases starting December, yet analysts question the sustainability of these plans amid weak demand and rising supplies.

Latest