Port workers have officially gone on strike, marking the first since 1977, rejecting a 50% pay raise offer.

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Around 45,000 members of the International Longshoremen’s Association (ILA) have gone on strike, affecting ports along the East and Gulf Coasts of the United States123. This is the first strike of its kind since 1977 and has significant implications for the flow of imports and exports, potentially disrupting a wide range of goods from toys to European automobiles.

The strike began after the expiration of their contract at midnight, with no agreement reached between the union and the United States Maritime Alliance (USMX). This work stoppage could have a substantial economic impact, with some estimates suggesting it could cost the U.S. economy up to $5 billion per day.

🚨#BREAKING: Over 45,000 U.S. port workers have officially gone on strike from Maine to Texas for the first time since 1977

📌#Unitedstates | #USA

Currently, nearly 50,000 members of the International Longshoremen’s Association (ILA) are on strike for the first time since 1977,… pic.twitter.com/5yaLfQ7I5l

— R A W S A L E R T S (@rawsalerts) October 1, 2024

BREAKING: The port workers' labor union has rejected the 50% pay raise offer.

It’s official. The East and Gulf Coast ports of the United States of America are on strike. https://t.co/IlPeuiFRnP

— Financelot (@FinanceLancelot) October 1, 2024