Cargo Business Newswire

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Monday, January 9, 2012

Portuguese dockworkers strike; threatens country’s fragile economy

Dockworkers in Portugal according to several news reports have launched into a 5-day strike to protest layoffs amid the European nation’s debt crisis on the heels of a 78-billion-euro bailout.

The union announced it gave two weeks’ notice of the strike, which could prevent up to 100 cargo vessels from docking and being handled, according to reports.

The strike is reportedly impacting most of Portugal’s ports, including Lisbon, as the country’s economy relies on approximately 64 percent of its global trade moving via ocean-going vessels.