A major port terminal operator, Stevedoring Services of America, is pushing forward with a lawsuit against the Port of Oakland that could ultimately cost the public agency $123 million or force it to hand over control of public property to a corporation in which Goldman Sachs owns a major stake. Late last year, an administrative law judge with the Federal Maritime Commission denied the port's request to dismiss the suit.
Today, The East Bay Express is reporting that the Port of Oakland workers may go on strike for the first time in 41 years. Recently, contracts between the SEIU and three other unions representing port workers have expired. SEIU says that port management is asking for major concessions, including an increased five percent employee contribution to their pension plans and no cost-of-living increase in wages which workers say equates to about a 10 percent pay cut.