Fast Report:Striking port workers to return to work Friday !--From CNN News

Striking members of the International Longshoremen’s Association (ILA) will be back to work on Friday, the union announced Thursday evening, as it reached a tentative deal with the management group representing shipping lines, terminal operators and port authorities.
>The agreement amounts to a $4-per-hour raise for each year of the six-year contract, a source with knowledge of the negotiations told CNN. That amounts to a first year raise of just over 10% of the current contract’s top pay of $39 an hour. With the five subsequent pay hikes it would raise wages by 62% over the life of the contract
>The union agreed to extend the contract it had with the United States Maritime Alliance, the management group known as USMX. That deal, which had expired at the end of Monday, will be now extended until January 15 and have the union members back on the job while the final details are worked out in a full agreement that will need to be ratified by the rank-and-file.
>In a statement, President Joe Biden praised the tentative wage deal.
Today’s tentative agreement on a record wage and an extension of the collective bargaining process represents critical progress towards a strong contract,” he said. “I congratulate the dockworkers from the ILA, who deserve a strong contract after sacrificing so much to keep our ports open during the pandemic. And I applaud the port operators and carriers who are members of the US Maritime Alliance for working hard and putting a strong offer on the table.”
>Vice President Kamala Harris also applauded the agreement, saying in a statement: “This is about fairness — and our economy works best when workers share in record profits. Dockworkers deserve a fair share for their hard work getting essential goods out to communities across America.”