{"id":2904,"date":"2023-07-14T16:31:54","date_gmt":"2023-07-14T16:31:54","guid":{"rendered":"https:\/\/www.bocintl.com\/web\/?p=2904"},"modified":"2023-07-14T16:31:55","modified_gmt":"2023-07-14T16:31:55","slug":"the-boc-blast-473-7-12-2023-canada-nears-deal-to-end-port-strike-labor-minister-says","status":"publish","type":"post","link":"https:\/\/www.bocintl.com\/web\/the-boc-blast-473-7-12-2023-canada-nears-deal-to-end-port-strike-labor-minister-says\/","title":{"rendered":"The BOC Blast 473 7-12-2023 Canada Nears Deal to End Port Strike, Labor Minister Says"},"content":{"rendered":"\n
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Canada Nears Deal to End Port Strike, Labor Minister Says<\/h2>\n\n\n\n

Excerpted from <\/em>Reuters<\/em><\/a>.com, July 12, 2023, 5:34 AM<\/em><\/em><\/p>\n\n\n\n

A bargaining agreement will soon be within reach to end a dispute between striking Canadian dock workers and their employers, Labor Minister Seamus O’Regan said on Tuesday.<\/p>\n\n\n\n

About 7,500 port workers have been on strike since July 1 to press for higher wages, disrupting operations at the key ports of Vancouver and Prince Rupert, at a cost to trade estimated by an industry body to run into $377 million each day.<\/p>\n\n\n\n

“As a result of the hard work by the parties at the bargaining table, there is a good deal within reach – one that would work for both the employer and the union,” O’Regan said in a statement posted on Twitter.<\/p>\n\n\n\n

The talks between the British Columbia Maritime Employers Association (BCMEA) and Warehouse Union Canada (ILWU Canada) had resumed last week after a gap of four days, supported by federal mediators.<\/p>\n\n\n\n

The differences between the employers and unions were not sufficient to justify continued stoppage of work, O’Regan said, adding that he had asked the senior federal mediator for a written recommendation of the settlement terms within 24 hours.<\/p>\n\n\n\n

Upon receiving them, he will send them to the parties, with a deadline of 24 hours to decide on ratification, he added.<\/p>\n\n\n\n

The ports play a crucial role in export of Canada’s natural resources and commodities, besides receiving shipments of raw materials.<\/p>\n\n\n\n

The strike is disrupting trade worth C$500 million ($377 million) each day, industry body the Canadian Manufacturers & Exporters (CM&E) has said. Economists warn that could lead to supply-chain disruptions, fueling inflation.<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Canada Nears Deal to End Port Strike, Labor Minister Says Excerpted from Reuters.com, July 12, 2023, 5:34 AM A bargaining agreement will soon be within reach to end a dispute between striking Canadian dock workers and their employers, Labor Minister Seamus O’Regan said on Tuesday. About 7,500 port workers have been on strike since July 1 to<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[507],"tags":[],"class_list":["post-2904","post","type-post","status-publish","format-standard","hentry","category-the-boc-blast"],"_links":{"self":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts\/2904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/comments?post=2904"}],"version-history":[{"count":1,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts\/2904\/revisions"}],"predecessor-version":[{"id":2907,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts\/2904\/revisions\/2907"}],"wp:attachment":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/media?parent=2904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/categories?post=2904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/tags?post=2904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}