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West Coast Port Parties Reach Agreement

After a prolonged period of negotiations, the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) announced Friday that they have reached a tentative agreement on a new five-year contract for the workers at all 29 West Coast ports.

Benefits had reportedly been a point of contention in the talks and earlier this month the PMA made an “all-in” offer that would have increased pay for ILWU dockworkers—who already earn an average of $147,000 a year for full-time work by roughly 3 percent annually. Health care benefits would be fully paid—a $35,000 per worker cost to employers—and the maximum pension would rise to $88,800 per year as part of the proposed five-year agreement.

Read more at Sourcing Journal.