Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,478.98 61.45 0.43%
TOPIX 1,169.43 2.84 0.24%
HANG SENG 22,760.24 64.23 0.28%

Statement by FMCS Director George H. Cohen On United States Maritime Alliance And International Longshoremen's Association Labor



Statement by FMCS Director George H. Cohen On United States Maritime Alliance
       And International Longshoremen's Association Labor Negotiations

PR Newswire

WASHINGTON, Dec. 28, 2012

WASHINGTON, Dec. 28, 2012 /PRNewswire-USNewswire/ -- "I am extremely pleased
to announce that the parties have reached the agreements set forth below as a
result of a mediation session conducted by myself and my colleague Scot
Beckenbaugh, Deputy Director for Mediation Services, on Thursday, December 27,
2012:

"The container royalty payment issue has been agreed upon in principle by the
parties, subject to achieving an overall collective bargaining agreement. The
parties have further agreed to an additional extension of 30 days (i.e., until
midnight, January 28, 2013) during which time the parties shall negotiate all
remaining outstanding Master Agreement issues, including those relating to New
York and New Jersey.  The negotiation schedule shall be set by the FMCS after
consultation with the parties."

"Given that negotiations will be continuing and consistent with the Agency's
commitment of confidentiality to the parties, FMCS shall not disclose the
substance of the container royalty payment agreement. What I can report is
that the agreement on this important subject represents a major positive step
toward achieving an overall collective bargaining agreement. While some
significant issues remain in contention, I am cautiously optimistic that they
can be resolved in the upcoming 30-day extension period."

"On behalf of our Agency, I want to thank the parties, especially ILA
President Harold Daggett and USMX Chairman & CEO James Capo, for their ongoing
adherence to the collective bargaining process, which has enabled them to
avoid the imminent deadline for a work stoppage that could have economically
disruptive nationwide implications." 

The Federal Mediation and Conciliation Service, created in 1947, is an
independent U.S. government agency whose mission is to preserve and promote
labor-management peace and cooperation. Headquartered in Washington, DC, with
10 district offices and 67 field offices, the agency provides mediation and
conflict resolution services to industry, government agencies and communities.

Web site: www.fmcs.gov

SOURCE Federal Mediation and Conciliation Service

Website: http://www.fmcs.gov
Contact: John Arnold, Director of Public Affairs, +1-202-606-8100
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement