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FMCS Director Announces Recess in Port Negotiations

Maritime Activity Reports, Inc.

November 5, 2002

FMCS Director Peter J. Hurtgen announced today that he has adjourned negotiations between ILWU and the PMA for a one-week period. This time will allow management to reassess costs and data from its members on issues related to pension enhancements for employees. Hurtgen stated that, "While the ILWU is prepared to continue with negotiations, and our talks have proceeded in good faith, management has requested additional time to evaluate anticipated technology based operational savings and pension funding costs into future years."

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