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How will the ILA contract negotiations be resolved by December 31, 2024?
2
Resolution / Starting Odds
New Contract Signed • 25%
Temporary Extension • 25%
Mediation/Arbitration • 25%
Strike • 25%
Official announcements from the International Longshoremen’s Association (ILA) or maritime employers
Story
ILA Seeks 80% Wage Increase in US East Coast Ports Contract Negotiations
Aug 7, 2024, 03:45 PM
The International Longshoremen’s Association (ILA) is negotiating a new six-year contract with maritime employers on the East and Gulf coasts, seeking an almost 80% wage increase. According to sources familiar with the negotiations, the ILA is proposing a $5-per-hour wage increase each year, which would result in a 76% increase in the top straight-time wage for longshore workers over the contract's term. The potential for a massive strike at US East Coast ports this fall is high if the demands are not met, which could lead to increased freight rates and congestion.
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New contract signed • 25%
Strike resumes • 25%
Contract extended without agreement • 25%
Other outcomes • 25%
Wage deal ratified • 25%
Wage deal rejected • 25%
New deal proposed • 25%
Strike resumes • 25%
Ratified with majority support • 33%
Rejected by majority • 33%
Vote postponed • 34%
Less than 1 week • 25%
1 to 2 weeks • 25%
2 to 4 weeks • 25%
More than 4 weeks • 25%
Union and employer reach agreement • 25%
Government intervention • 25%
Mediation/arbitration • 25%
Strike continues into 2025 • 25%
Union gets higher wages • 25%
Union gets protections against automation • 25%
Union gets both demands • 25%
Union gets neither demand • 25%
Accepted • 25%
Rejected • 25%
Counter-offer accepted • 25%
Strike continues • 25%