A tentative agreement has been reached between Costco and the Teamsters union, preventing a potential strike by 18,000 Costco workers across six states. The agreement, pending member ratification, comes after a vote authorizing a strike if a new contract wasn’t finalized by the previous contract’s expiration. The union sought a contract reflecting Costco’s substantial recent financial growth. Specific details of the tentative agreement are yet to be released.
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Costco’s unionized workers, represented by the Teamsters union, have overwhelmingly voted to authorize a nationwide strike. Over 85% of the more than 18,000 members cast ballots in favor of taking action, signaling a significant escalation in labor negotiations. This decision comes after what the union describes as a failure by Costco to meet their demands for fair wages and benefits.
The Teamsters are clear that the strike authorization is a direct result of Costco’s refusal to negotiate a contract that reflects the company’s massive financial success. The union points to Costco’s recent annual revenue of $254 billion and net profits of $7.4 billion—a 135% increase since 2018—as evidence of the company’s ability to afford significantly improved compensation for its employees.… Continue reading
John Q. Hosedrinker 
Matt Underwood