Montevideo Port Labor Dispute Approaches Resolution with Five-Year Agreement

A four-month labor dispute at Uruguay's main container terminal, Montevideo's Terminal Cuenca del Plata, is nearing an end. Port workers and the Katoen Natie-controlled terminal have agreed on a five-year collective agreement, mediated by Uruguay's labor ministry. This resolution is significant as the prolonged conflict had disrupted shipping and negatively impacted Uruguay's foreign trade.