You are here

Labour deal in US averts shutdown of 29 West Coast ports

BT_20150223_LEWEST23_1526182.jpg
The Port of Los Angeles in San Pedro, California. Labour standoff had reduced productivity at West Coast ports by as much as half since November.

Los Angeles

WEST COAST dockworkers and their employers ended their nine-month standoff with a five-year contract deal, averting a shutdown of 29 ports that could have cost the US economy US$2 billion a day.

"This is now in the rear-view mirror," Labor Secretary Tom Perez told

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom