West Coast ports shut down as union workers ‘no show’ after breakdown in wage negotiations

West Coast ports are shutting down as union workers “no show” after a breakdown in negotiations with port management.

The Port of Oakland was shut down Friday morning due to insufficient labor for terminal operations, a stoppage that is expected to last at least through Saturday. A source close to the situation told CNBC the port shutdowns are expected to spread across the West Coast as a result of lack of sufficient labor as workers protest over wage negotiations in contract talks with port management.