In breaking news, port company DP World has announced it has reached a significant in-principle four-year agreement with the Maritime Union of Australia (MUA), ending industrial action.
The past month has seen rising tensions between the two as industrial actions intensified, with the deal, facilitated by the Fair Work Commission, ensuring no further action will be taken.
DP World says the developments comes as a relief to the logistics and shipping sectors as it will promise stability and improved operations.
“This agreement is a testament to our commitment to our workforce and to providing uninterrupted services to our customers,” DP World Oceania executive vice president Nicolaj Noes says.
“We are now focused on moving forward, restoring the supply chain operations, and working collaboratively with our employees to rebuild confidence among our customers and make a positive impact on the national economy.”
The agreement replaces the previous contract that expired between DP World and the MUA in September 2023.
The new deal includes key provisions aimed at ensuring fair compensation, enhanced safety measures, effective fatigue management and guarantees of job security and work-life balance for employees.
DP World says it expresses its appreciation to the Fair Work Commission, various government entities, industry groups, small and medium-sized enterprises and its clients for their backing during the negotiation phase, underlining its commitment to revitalising and improving supply chain functions across Australia.