Primary Country (Mandatory)

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
Here are all the winners in the port strike deal

Here are all the winners in the port strike deal

CNN
Saturday, October 05, 2024 07:57:03 AM UTC

The deal reached Thursday to have 50,000 striking longshore workers return to work had a lot of winners — and relatively few losers.

The deal reached Thursday evening that ended a strike by 50,000 portworkers has a lot of winners and few if any losers. The deal only covers wages, not other contract provisions. But the union agreed to return to work Friday after a three-day stoppage while those other details, including increased use of automation and technology, are negotiated. But that wage deal stopped what could have become the most disruptive US strike in decades had it lasted weeks or months. The strike halted the flow of imports and exports across dozens of ports, what could have been a massive blow had the strike continued. Here’s how the major players made out. The main winners are the members of the International Longshoremen’s Association. The members of that union will get an immediate raise of $4 an hour, on top of their current top pay of $39 an hour. That works out to a raise of more than 10%. And they will get the same $4-an-hour raise every year over the six-year life of the contract. That $24 in cumulative raises will raise their pay 62%. And they returned to good-paying jobs without losing much in wages. Unlike a lot of unions, the ILA lacked strike benefits for members to help them pay their bills.

Read full story on CNN
Share this story on:-
More Related News
Character.AI and Google agree to settle lawsuits over teen mental health harms and suicides

Character.AI has agreed to settle multiple lawsuits alleging the artificial intelligence chatbot maker contributed to mental health crises and suicides among young people, including a case brought by Florida mother Megan Garcia.

GameStop CEO Ryan Cohen could be set for a $35 billion payday – with one big caveat

Betting big on memestocks could pay off, at least for GameStop CEO Ryan Cohen. But a potentially huge payout hinges on a massive turnaround for the volatile video game retailer.

Trump threatens to ban institutional investors from buying single-family homes

President Donald Trump said Wednesday that he intends to ban large institutional investors from buying additional single-family homes.

The number of available jobs in the US just hit its lowest level in more than a year

Finding a job continued to be a slog at the end of the year, new data shows: US businesses sought out fewer workers in November and hiring rates wilted even further.

Warner Bros. Discovery board rejects Paramount’s revamped hostile takeover bid

Once again, Warner Bros. Discovery has chosen Netflix as its preferred suitor over Paramount.

It looks like Trump is running a private equity playbook in Venezuela

Trump is running a private equity playbook on Venezuela

Trump says Venezuela will turn over 30 million to 50 million barrels of oil to US

President Donald Trump said Tuesday night that Venezuela will turn over 30 million to 50 million barrels of oil to the United States, to be sold at market value and with the proceeds controlled by the US.

5 things need to happen for Big Oil to return to Venezuela

President Donald Trump has spoken in unequivocal terms: US oil companies are headed back to Venezuela, they’ll spend the tens of billions of dollars required to restore the country’s energy infrastructure, and they’ll reap the potentially enormous rewards.

China bans certain rare earths and other exports to Japan for military purposes over Takaichi’s comments

China has banned exports of some rare earth elements and other items to Japan that could be used for military purposes, straining already tense relations between the two countries following the Japanese prime minister’s recent remarks on Taiwan.

America’s affordability problem is an availability problem

The American Dream has never felt further out of reach. And it’s not just because the house with the white-picket fence and the nanny to care for the children are unaffordable. They’re also, for many, unavailable.

Corporation for Public Broadcasting votes to shut itself after funding cuts

Leaders of the Corporation for Public Broadcasting, a private agency that has steered federal funding to PBS, NPR and hundreds of public television and radio stations across the country, voted Monday to dissolve the organization that was created in 1967.

Big Oil doesn’t share Trump’s dream of making Venezuelan oil great again

President Donald Trump may have made a major miscalculation about Venezuela’s oil.

Samsung’s new phone looks straight out of science fiction. I got to try it

With its new Galaxy Z TriFold, Samsung is betting it can wow consumers with an iPad-sized screen that folds up like a brochure to fit neatly in your pocket.

Why tariffs have hit Americans’ jobs harder than their shopping carts

As President Donald Trump piled on new tariffs last year, many economists quickly warned that prices and unemployment would spike. With most of the 2025 economic results in, it’s looking like those forecasters get partial credit.

Fears of an AI bubble were nowhere to be found at the world’s biggest tech show

AI once again dominated CES, where companies from around the world gathered to flaunt new technologies. It’s where tech giants like Nvidia, Samsung, and Amazon made their case for the role AI will play in how people live and work, despite concerns of an AI bubble.

After ‘digital undressing’ criticism, Elon Musk’s Grok limits some image generation to paid subscribers

Elon Musk’s Grok chatbot has limited some aspects of its Imagine image generation features to paid subscribers on X, days after international uproar over the AI tool “digitally undressing” people, including children, upon user requests on X.

Will you notice any change at the grocery store because of RFK’s new food guidelines? You already have

The food pyramid is getting turned upside down, with protein and dairy gaining more prominence in the suggested American diet. Sugar and processed foods are getting shunned even more with warning labels.

What to expect in today’s jobs report

On Friday at 8:30 a.m. ET, the Bureau of Labor Statistics will release the latest snapshot on the health of the US labor market – and economists’ estimates vary wildly over what we should expect for the final jobs report of 2025.

Oil CEOs are meeting with Trump today. These are their demands

President Donald Trump is set to meet with Big Oil executives Friday as part of a weeklong charm offensive to persuade America’s largest energy companies to return to Venezuela.

GM takes $6 billion hit as cost of backing away from EVs

General Motors on Thursday said it will take an additional $6 billion hit against its earnings as result of it pulling back on its electric vehicle plans.

Paramount sticks with $30-per-share bid as WBD backs Netflix deal

Paramount is not raising its bid for Warner Bros. Discovery above $30 per share, at least not yet.

Expect the unexpected in the last jobs report of 2025

On Friday, the Bureau of Labor Statistics will release the final jobs report for 2025 — and economists’ estimates vary wildly over what we should expect.

Venezuela’s economy will be a mess for whoever runs it next

HED: Venezuela’s economy will be a mess for whoever runs it next

Elon Musk’s xAI under fire for failing to rein in ‘digital undressing’

Elon Musk’s AI chatbot, Grok, has been flooded with sexual images of mainly women, many of them real people, by being prompted by users to “digitally undress” them and sometimes placing them in suggestive poses.

Trump suddenly sounds a lot like a progressive Democrat when it comes to business

President Donald Trump made two extraordinarily unusual policy statements in rapid succession Wednesday that sent stocks sinking and raised serious questions about the limits of presidential power in a free-market economy.

© 2008 - 2026 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us