Costco workers represented by the Teamsters union could strike as early as Saturday if a new contract agreement isn't reached with the company. The current contract expires on January 31st, 2023. While Costco asserts its commitment to employee well-being, the Teamsters argue for a 'fair and reasonable agreement'. 85% of union members voted to authorize a strike if necessary.
More than 18,000 Costco workers could walk out on strike as early as Saturday as union and company representatives scramble to finalize a new contract. The Teamsters union, which represents Costco workers nationwide, reached its first national agreement with the company in 2022. That contract expires on Friday, January 31st, 2023. Costco , on its website, emphasizes its commitment to employees, stating, ' Costco is much more employee-focused than other Fortune 500 companies.
By offering fair wages and top-notch benefits, the company has created a workplace culture that attracts positive, high-energy, talented employees.' However, the Teamsters union insists Costco must prove its 'pro-worker' claims. The union contends that Costco has not presented a fair contract proposal. 'The Teamsters are committed to securing a fair and reasonable agreement but are prepared to take action if the wholesale giant fails to deliver,' the union said earlier this week. Earlier this month, 85% of unionized Costco workers voted to authorize a strike if a satisfactory agreement couldn't be reached with the company. 'Our members have spoken loud and clear — Costco must deliver a fair contract, or they’ll be held accountable,’ Teamsters General President Sean M. O’Brien said after the vote. 'From day one, we’ve told Costco that our members won’t work a day past January 31 without a historic, industry-leading agreement.' Costco, as of 2023, employs 208,000 people in the United States. The company has experienced significant growth in recent years, with its revenue figures reflecting this expansion, according to company financial reports
Costco Strike Teamsters Union Contract Negotiation
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