Reported about 1 month ago
A potential strike by nearly 20,000 workers at India's major ports was averted after a new five-year contract was agreed upon, providing an 8.5% pay increase instead of the initially demanded 10.6%. Negotiations had been ongoing since 2021, and the strike was set to disrupt operations starting Wednesday. The ports handle significant cargo volumes, contributing to India's forecasted export growth for the fiscal year.
Source: YAHOO