)
An industrial dispute that has caused major delays in some of Australia's largest port terminals has been resolved today after DP World and the Maritime Union of Australia (MUA) reached an in-principle four-year agreement.
The MUA has announced the deal was struck at the conclusion of three days of facilitated negotiations in Sydney before the Fair Work Commission (FWC), and would deliver "fair pay, safety and work-life balance".
The agreement is still subject to endorsement by the union's membership employed by the UAE-owned DP World Australia.
Related story: DP World dispute exacerbates Australia's "abysmal" port productivity as shortages loom
In a statement, DP World said the significant agreement replaces a previous contract that expired in September 2023, and would come as a relief to the logistics and shipping sectors, promising stability and improved operations.
DP World said it included provisions aimed at ensuring fair compensation, enhanced safety measures and effective fatigue management, along with guarantees of job security and work-life balance for employees.
"This agreement is a testament to our commitment to our workforce and to providing uninterrupted services to our customers," said DP World Oceania's executive vice president Nicolaj Noes.
"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."
)
