Officials reports the port strike in Hong Kong by about 500 dock workers has ended after they agreed to accept a 9.8 percent pay increase proposed by four contractors operating under Li Ka-shing’s Hongkong International Terminals.
As we reported earlier, the workers had initially sought a 20 percent pay rise, but later lowered their demands to any double-digit rise after negotiations failed to make progress.
The port operator, HIT, said it was pleased that the workers had accepted the pay offer. In a statement HIT said the deal benefited all parties involved, and the company could now focus on resuming full operations. The deal was a success also for the union leaders as they noted, because the pay rise was for all workers, not just those who went on strike, and also addressed complaints about working conditions at the port.
A Hong Kong trade association estimates that delays in moving cargo on and off ships at the terminal resulted in a backlog of between 80,000 and 90,000 containers
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