Hong Kong dockworkers accept Hutchison Port Holdings 9.8% pay offer, end 40-day strike at the container terminal.
The workers settled their dispute late Monday by agreeing to the pay offer from four middleman contractors that provide staff to a container terminal operator controlled by Hong Kong billionaire Li Ka-shing, reports the 'South China Morning Post'.
The strike by 450 workers delayed cargo being moved on and off ships at the terminal, resulting in a backlog of 80,000-90,000 containers at the port during the strike, according to the Hong Kong Association of Freight Forwarding and Logistics.
Source: South China Morning Post