Longshoreman Strike Averted for Now

A tentative deal was reached on December 29 that averts a strike by 14,500 longshoreman at major ports along the East Coast and Gulf of Mexico. The expired contract will be extended for about another 30 days while negotiations take place.

‘The clock now begins for the negotiators to return to the table and work toward a long-term solution to restore greater predictability and certainty to the business decisions the U.S. apparel and footwear industry makes every day,”  American Apparel and Footwear Association President (AAFA) and CEO Kevin Burke said in a statement.

According to AAFA, with 99 percent of footwear sold in the U.S. and 98 percent of apparel produced internationally, the U.S. is home to more than 300 million importers.