Last-minute deal between Costco and Teamsters union prevents potential disruption at select stores, details of agreement pending member approval. (Shutterstock)
Share
Costco and the Teamsters union have reached a tentative agreement on a new contract, avoiding a strike, the union said Saturday.
Teamsters spokesman Matthew McQuaid confirmed the agreement, which will have to be approved by members. Details of the agreement weren’t immediately available. The Associated Press left a message seeking comment with Costco.
Union Represents 18,000 Costco Workers
The Teamsters union represents 18,000 Costco workers in six states: California, Washington, Maryland, Virginia, New Jersey and New York. Overall, Costco has 219,000 U.S. employees and 617 U.S. stores. The company said its labor agreement with the Teamsters applies to less than 10% of those stores.
On Jan. 20, Teamsters members at Costco voted overwhelmingly in favor of a strike if a new three-year contract agreement wasn’t reached by midnight Friday, when the current contract expired.
Related Story: Thousands of Costco Workers Prepare to Strike With Midnight Contract Deadline ...
Union members wanted the Issaquah, Washington, company to make a contract offer that reflects its sales and profit growth. Costco’s revenue rose 5% to $254 billion in its most recent fiscal year, which ended Sept. 1. The company reported net income of $7.36 billion, double its profit in 2019.
“Costco Teamsters deserve an industry-leading contract that reflects the company’s massive profits. If Costco thinks they can exploit our members while raking in billions, we’ll shut them down,” Teamsters General President Sean O’Brien said in a statement.
RELATED TOPICS:
Judge Blocks Trump From Placing Thousands of USAID Workers on Leave
4 hours ago
Federal Judge Blocks Musk’s DOGE From Accessing Sensitive Treasury Department Data
5 hours ago
Rookies for Eagles and Chiefs Could Play a Key Role in the Super Bowl
5 hours ago
Sony PlayStation Network Outage Enrages Gamers Around the World
5 hours ago
Trump Says He’s Firing Kennedy Center Board Members, Naming Himself Chairman
5 hours ago
PJ Pickles, the Pajama-Clad Pup, Want to Join Your Loving Home
5 hours ago
Hanford Shooting Leaves One Dead, Another in Critical Condition
20 hours ago
Here’s What We Know About a Commuter Plane Crash in Alaska That Killed 10 People
2 hours ago
Categories

Here’s What We Know About a Commuter Plane Crash in Alaska That Killed 10 People

Trump’s 3rd Week: More Executive Orders, a Trade War That Wasn’t, and a Mideast Jolt

UMass Will Pay Student Who Made Half-Court Shot $10,000 Even Though His Foot Was on Line

Judge Blocks Trump From Placing Thousands of USAID Workers on Leave

Federal Judge Blocks Musk’s DOGE From Accessing Sensitive Treasury Department Data

Rookies for Eagles and Chiefs Could Play a Key Role in the Super Bowl

Sony PlayStation Network Outage Enrages Gamers Around the World
