US Dockworkers Union Declares Bankruptcy

1 min read
Source: Reuters
US Dockworkers Union Declares Bankruptcy
Photo: Reuters
TL;DR

The International Longshore and Warehouse Union (ILWU), representing U.S. dockworkers, has filed for chapter 11 bankruptcy protection to address a pending litigation with the Oregon affiliate of International Container Terminal Services Inc (ICTSI). The union cited financial constraints in defending against ICTSI's litigation tactics. The ILWU intends to use the bankruptcy process to resolve the matter and ensure the union can continue its work. The ILWU has over 4,000 members across the United States and Canada.

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