BC Portworkers Reportedly To Resume Strike After ILWU Rejects Tentative Agreement

It is currently being reported that the union that represents portworkers in British Columbia has rejected the tentative agreement announced last week, with workers expected to resume strikes tonight.

The International Longshore & Warehouse Union, or ILWU, reportedly saw caucus leadership reject the tentative agreement, before union members even had the opportunity to vote on the proposal. Neetu Garcha, a reporter for Global News, indicated via a tweet that ILWU has indicated it intends to resume strike activity at 4:30 this evening.

The settlement that had previously been tentatively accepted by the union contained a compound wage hike of 19.2%, which would be implemented over four years, along with a $3,000 signing bonus and increases to a retirement fund.

Information for this briefing was found via Global News and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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