Dockworkers’ union reaches tentative agreement, suspends dock strike until January

Striking US longshoremen will return to work on Friday after reaching a tentative agreement with employers on an improved wage offer.

The conditional offer included a 62% pay increase, FOX Business has learned.

The offer is valid for the next 90 days. If no agreement is reached within this period, the proposed wage increase will be taken off the table.

The International Longshoremen’s Association, which represents 45,000 striking U.S. workers, said the union and USMX had reached a “tentative agreement on wages and agreed to extend the framework agreement until January 15, 2025 to return to the bargaining table and to negotiate all other open questions.”

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The Port of Baltimore is seen as longshoremen as the International Longshoremen’s Association (ILA) walked off the job on October 1, 2024 in Baltimore, Maryland. (Kevin Dietsch/Getty Images / Getty Images)

“Effective immediately, all current work activities will cease and all work covered under the framework agreement will resume,” the union said in a statement.

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Longshoremen at dozens of ports across the U.S. went on strike Tuesday for the first time in nearly 50 years over better wages and the use of automation.

The US Maritime Alliance (USMX), which represents port workers, previously increased its offer to a 50% wage increase over the next six years.

This is a developing story. Check back for updates.