18,000 Costco Teamsters workers are poised to strike if a 'fair contract offer' is not presented by January 31, 2025. The Teamsters union, representing workers in six states, overwhelmingly voted to authorize the strike after negotiations with Costco failed to reach a new three-year agreement by the midnight Friday deadline. Union members are demanding a contract that reflects Costco's significant sales and profit growth, citing the company's $254 billion revenue and $7.36 billion net income in its latest fiscal year. Teamsters General President Sean O'Brien warned Costco that if they attempt to exploit their workers while raking in billions, the union will be prepared to shut them down.
18,000 Costco Teamsters workers are preparing to strike if a 'fair contract offer' is not offered by January 31, 2025. Costco Teamsters across the U.S. voted in favor of authorizing the strike. 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 .
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 January 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. 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 September 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
Costco Teamsters Strike Labor Contract Union Negotiations
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