US WEST coast terminal operators of the Pacific Maritime Association (PMA) have voted overwhelmingly to ratify a new five-year contract with the International Longshore and Warehouse Union (ILWU).
The contract, if ratified by the ILWU, is retroactive to July 1, 2014 and runs through June 30, 2019.
The contract features a new arbitration system, provisions for capacity growth and greater productivity.
Health care changes in the contract will foster cost containment and fraud prevention. To date, these efficiencies have already delivered savings.
The agreement also features wage and pension increases for ILWU members.
"West coast ports are an economic engine for the United States, supporting millions of workers and trillions in economic impact, said PMA president and CEO Jim McKenna.
"The disruptions that occurred during negotiations, and the inconvenience and hardship created by them, were regrettable. We look forward to winning back the trust and confidence of the shipping community.
PORTS
22 May 2015 - 19:09
Pacific Maritime Association ratifies 5-year docker contract
US WEST coast terminal operators of the Pacific Maritime Association (PMA) have voted overwhelmingly to ratify a new five-year contract with the International Longshore and Warehouse Union (ILWU).
PORTS
22 May 2015 - 19:09
Pacific Maritime Association ratifies 5-year docker contract
This news 3307 hits received.
These news may also interest you