Port employers meet with Biden administration as potential strike looms next week
Prochain Capital President David Tawil talks Disney job cuts, looming port strikes and which commodities and stocks are best to put your money on.
The White House on Friday confirmed that officials have met with a group representing port employers as a potential strike at East Coast and Gulf Coast seaports could begin in a matter of days.
The U.S. Maritime Alliance (USMX), which represents employers at the 36 seaports that could be affected by the strike, held meetings with White House officials as they look to kick-start negotiations in the hopes of avoiding a fast-approaching work stoppage.
Unionized dockworkers in the International Longshoremen's Association (ILA), which represents 45,000 members at East Coast and Gulf Coast ports, may go on strike beginning Oct. 1 if an agreement isn't reached by the end of Monday.
«Senior officials from the White House, Labor Department and Department of Transportation have been in touch with the parties and delivering the message to them directly that they need to be at the table and negotiating in good faith fairly and quickly,» a White House official told FOX Business.
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Port employers met with the White House as a potential port strike looms next week. (Joe Raedle/Getty Images / Getty Images)
The official added that Transportation Secretary Pete Buttigieg, acting Labor Secretary Julie Su and Director of the National Economic Council Lael Brainard «are meeting with USMX to convey this message. Throughout the week, they have also been in touch with the ILA to deliver the same message.»
The White House has signaled on several occasions that President Biden doesn't plan to invoke a labor law known as the Taft-Hartley Act that would
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