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Australian dockworkers and DP World seal 4-year deal
Posted on February 12, 2024 |
Australia's lengthy port strikes, causing supply chain disruptions, are close to ending after a month.
DP World, a major container terminal operator in Australia, has tentatively agreed to a 4-year deal with the waterfront union.
The agreement, helped by Australia's Fair Work Commission, awaits approval from union members.
The proposed deal includes pay raises of 8%, 7%, 4%, and 4.5% annually for 1,800 dockworkers, plus a sign-on bonus of A$2,000 ($1,319).