A potential work stoppage has been averted. In a joint statement released on January 8th and published on both the USMX and ILA websites, the two parties announced they have reached a tentative agreement on a new six-year contract.
Key Takeaways:
- Agreement Reached: The ILA and USMX have successfully negotiated a tentative agreement on all terms of a new six-year contract.
- Strike Averted: This agreement prevents a potential work stoppage scheduled to begin on January 15, 2025.
- Ratification Pending: Both the ILA and USMX must now ratify the agreement. Details of the tentative agreement will remain confidential until both parties have reviewed and approved the final document.
Next Steps:
- The ILA will present the agreement to its full Wage Scale Committee for review and a subsequent ratification vote.
- USMX members will also need to ratify the final contract terms.
- During this time, both parties will continue to operate under the current contract.
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