Is a port strike looming?

Holly Kernan — Wed, 29 Aug 2012 23:46:41 +0000

Today, The East Bay Express is reporting that the Port of Oakland workers may go on strike for the first time in 41 years. Recently, contracts between the SEIU and three other unions representing port workers have expired. SEIU says that port management is asking for major concessions, including an increased five percent employee contribution to their pension plans and no cost-of-living increase in wages which workers say equates to about a 10 percent pay cut.