After failed collective bargaining between unions and employers, the ports on the US East Coast are at a standstill. There is a risk of billions in damage within a short period of time.
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Longshoremen along the US East Coast are on strike over failed negotiations over higher wages between employers and the ILA union. The strike could cost the U.S. economy hundreds of millions of dollars a day, as half of container throughput goes through East Coast ports. Supply shortages, higher consumer prices and impacts outside the US are expected.
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© Caitlin Ochs/​Reuters
Dock workers have gone on strike along the US East Coast. The reason for this is the failed negotiations over higher wages between the employers and the workers’ union International Longshoremen’s Association (ILA).
Around half of container throughput in US foreign trade is handled through ports on the East Coast. According to expert estimates, the labor dispute could cost the US economy several hundred million US dollars every day. Above all, delivery bottlenecks and higher consumer prices are expected; the effects are also likely to be felt outside the USA.
This article will continue to be updated.
Dock workers have gone on strike along the US East Coast. The reason for this is the failed negotiations over higher wages between the employers and the workers’ union International Longshoremen’s Association (ILA).
Around half of container throughput in US foreign trade is handled through ports on the East Coast. According to expert estimates, the labor dispute could cost the US economy several hundred million US dollars every day. Above all, delivery bottlenecks and higher consumer prices are expected; the effects are also likely to be felt outside the USA.
