Dockworkers and longshoremen averted a potential strike, securing a tentative agreement on a new six-year contract. The deal, brokered with the involvement of the Biden administration, prevents a work stoppage scheduled for next week.

The Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) announced the tentative agreement Wednesday, describing it as a "win-win" that safeguards jobs and supports the economy. Negotiations, following a three-day strike in October, focused on pay raises, automation concerns, and modernized port infrastructure.

The tentative deal addresses automation concerns, outlining a framework for integrating technology while preserving current jobs. A key element of the agreement, facilitated by the administration, involves a substantial 62 percent wage increase over the next six years.

Specifics of the agreement remain confidential, awaiting ratification by members of both organizations. The current contract will remain in place until that vote takes place. This ensures a smooth transition while port workers review and approve the new contract.

The resolution avoids potential economic disruption and demonstrates a successful negotiation process, addressing both labor concerns and technological advancement in the maritime industry.