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Hong Kong dock workers end strike | Hong Kong dock workers end strike |
(about 1 hour later) | |
Dock workers in Hong Kong have ended a 40-day strike that affected one of the world's busiest ports. | Dock workers in Hong Kong have ended a 40-day strike that affected one of the world's busiest ports. |
About 450 workers agreed to a pay increase of 9.8%, after initially demanding a hike of more than 20%. | About 450 workers agreed to a pay increase of 9.8%, after initially demanding a hike of more than 20%. |
Cargo was delayed at the terminal resulting in a backlog of thousands of containers. | Cargo was delayed at the terminal resulting in a backlog of thousands of containers. |
The container terminal is controlled by Hong Kong billionaire, and Asia's richest man, Li Ka-shing. | |
Union leaders said the deal was a success, as the pay rise was for all workers, not just those who went on strike, and also addressed complaints about working conditions at the port. | |
They said dock workers would return to work after setting up camp outside Mr Li's headquarters in the heart of Hong Kong three weeks ago. | |
Hutchinson Port Holdings, the port operator owned by Mr Li, said it would now "focus on restoring the port to its full operational capabilities". | |
Last month it said the strike had encourage ships to by-pass the port in favour of rival ones on mainland China or elsewhere in Asia. | |
Hong Kong is the world's third largest container port after Shanghai and Singapore, and is a major transhipment hub for goods going into and out of mainland China. | |
A Hong Kong trade association estimates that delays in moving cargo on and off ships at the terminal resulted in a backlog of between 80,000 and 90,000 containers. |
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