Labor issues at ports that are located in cities on the West Coast have U.S. retailers worried about the economic impact of a potential shutdown.
The current contract between the union that represents West Coast port workers, the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) was supposed to expire in July, but negotiators have thus far been unable to agree to more than temporary extensions.
The National Retail Federation and National Association of Manufacturers said in a study conducted earlier this year that a shutdown of ports in cities like Los Angeles, San Francisco, Portland and Seattle would cost the U.S. economy almost $2 billion per day, The Hill reported.
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The current contract between the union that represents West Coast port workers, the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) was supposed to expire in July, but negotiators have thus far been unable to agree to more than temporary extensions.
The National Retail Federation and National Association of Manufacturers said in a study conducted earlier this year that a shutdown of ports in cities like Los Angeles, San Francisco, Portland and Seattle would cost the U.S. economy almost $2 billion per day, The Hill reported.
full story