DP World reaches deal with Australian dockworkers

Australia’s crippling port strikes that have brought supply chains to breaking point over the past month are coming to a close. 

Container terminal operator DP World, which operates four terminals across the country, has reached an “in-principle” four-year agreement with the waterfront union in a deal that was facilitated by the country’s Fair Work Commission. The deal was yet to be endorsed by union members.

The proposed deal would include annual pay rises of 8%, 7%, 4% and 4.5% for 1,800 dockworkers, as well as a sign-on bonus of A$2,000 ($1,319).