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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

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Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
FinanceLabor

Dockworkers’ union to suspend strike until 2025 to allow time to negotiate new contract: source

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Tom Krisher
Tom Krisher
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The Associated Press
The Associated Press
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By
Tom Krisher
Tom Krisher
and
The Associated Press
The Associated Press
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October 3, 2024, 7:11 PM ET
Dockworkers gather at the Bayport Container Terminal in Seabrook, Texas.
Dockworkers gather at the Bayport Container Terminal in Seabrook, Texas.Photo by MARK FELIX/AFP via Getty Images
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The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports has reached a deal to suspend a three-day strike until Jan. 15 to provide time to negotiate a new contract.

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The union, the International Longshoremen’s Association, is to resume working immediately. Both sides also reached agreement on wages, but no details were given, according to a joint statement from the ports and union Thursday night.

The union went on strike early Tuesday after its contract expired in a dispute over pay and the automation of tasks at the ports from Maine to Texas. The strike came at the peak of the holiday shopping season at 36 ports that handle about half the cargo from ships coming into and out of the United States.

The walkout raised the risk of shortages of goods on store shelves if it lasted more than a few weeks. But most retailers had stocked up or shipped items early in anticipation of the work stoppage.

The strike came at the peak of the holiday shopping season at 36 ports that handle about half of the cargo from ships coming into and out of the United States.

It raised the risk of shortages of goods on store shelves if it lasted more than a few weeks. But most retailers had stocked up or shipped items early in anticipation of the work stoppage.

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