US dockworkers have ended their port strike after a brief three-day period, as the International Longshoremen's Association (ILA) and the U.S. Maritime Alliance reached a tentative labor agreement. This preliminary deal includes a 62% pay raise for workers over a six-year period.
However, this deal only suspends the strike until January 15, 2025 to allow additional time for negotiations.
Yahoo Finance Senior Reporter Dani Romero delves into the details, discussing why automation has emerged as a central point of contention in ongoing talks.
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This post was written by Angel Smith