A threatened strike by workers constructing the expanded Panama Canal has been averted according to the Panama Canal Authority (ACP).
ACP said that contractor consortium Grupo Unidos por el Canal (GUPC), and the National Union of Workers of Construction and Similar Industries (SUNTRACS) had reached an agreement on a USD 4.81 hourly wage for qualified construction workers, and a 5% increase for other categories, to be paid retroactively as of July 1.
The workers previously earned between USD 2.9 and USD 3.37 per hour, depending on their qualifications.
The threatened strike by workers on the Pacific and Atlantic lock construction sites has been called off and the Panama Canal expansion project will continue as scheduled. The project is now 93% complete.
Stay informed with RCL Agencies updates about international ports and global shipping.