US East Coast ports union meets over wage demand, preps for possible strike [Yahoo! Finance Canada]
A.P MOLLER-MRS UNS/ADR (AMKBY)
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Source: Yahoo! Finance Canada
By Abhinav Parmar and Lisa Baertlein (Reuters) - The International Longshoremen's Association union, representing 45,000 workers at major container ports from Texas to Maine, will begin two days of meetings on Wednesday to review wage demands and prepare for a potential strike on Oct. 1. Formal talks have reached an impasse as the union and the United States Maritime Alliance employer group wrangle over pay, automation, healthcare and retirement benefits. A source familiar with the negotiations said the ILA has asked for a 77% pay bump over the life of the new contract. Three experts told Reuters the final increase would likely improve on the 32% rise the West Coast longshore union negotiated last year. ILA International President Harold Daggett has warned that union workers will walk off the job if a new labor agreement is not reached before the current six-year contract expires on Sept. 30. USMX said in statements it has been trying to set a meeting with ILA to resume tal
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