U.S. dock workers and port operators reached a tentative deal that will immediately end a crippling three-day strike that has shut down shipping on the U.S. East Coast and Gulf Coast, the two sides said Thursday.

The tentative agreement is for a wage hike of around 62% over six years, two sources familiar with the matter told Reuters, including a worker on the picket line who heard the announcement. That would raise average wages to about $63 an hour from $39 an hour over the life of the contract.

The deal ends the biggest work stoppage of its kind in nearly half a century, which blocked unloading of container ships from Maine to Texas and threatened shortages of everything from bananas to auto parts, triggering a backlog of anchored ships outside major ports.

  • FreudianCafe
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    1 month ago

    Big defeat for the workers. If capitalists were this motivante to end this strike so soon, then the workers could have asked for much more. American labor movement is a joke

    • TheOubliette
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      1 month ago

      The bar is set so low that striking at all is seen as an advancement, even though you are correct that they could have got much more.

      The fact that they were still working during the strike to move military materials during a genocide speaks volumes.