Costco Teamsters vote to authorize strike
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Eighteen thousand Costco Teamsters are preparing to quit if a “fair contract offer” isn’t made by the end of the month.
Eighty-five percent of Costco’s Teamsters across the US supported allowing the strike, according to a Sunday press release. Tensions were escalating throughout the week as the Teamsters posted several Costco-related posts on social media.
“From day one, we told Costco that our members would not work without a historic industry-leading agreement a day after January 31st,” Teamsters General President Sean M. O’Brien said in a statement.
“Costco’s greedy executives have less than two weeks to do the right thing. If they refuse, our members will have no one to blame but themselves when they go on strike,” O’Brien continued.
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A Costco employee attends to customers at self-checkout kiosks in a Florida store. (Linsey Nicholson/UCG/Universal Images Group/Getty Images)
“The last week of negotiations will begin on January 20,” said group teachers on X.
Practice elections were held in California, Washington and Long Island to “prepare for an impending strike.”
Hundreds San Diego The Teamsters said they are preparing to hold a large-scale walkout through Thursday.
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Customers line up at checkout counters at a busy Costco store in Queens, New York. (Linsey Nicholson/UCG/Universal Images Group/Getty Images)
| Ticker | Security | last one | Change | change % |
|---|---|---|---|---|
| Cost | Costco Wholesale Corp | 943.19 | + 23.44 |
+ 2.55% |
Costco’s first location opened in 1976 under the name Price Club “in a converted airplane hangar on Morena Boulevard in San Diego.” So says the retail giant’s website. Today, Membership Warehouse Club is “a multi-billion dollar global retailer with Warehouse Club operations in eight countries.”
Costco’s website also states that the company is “more employee-focused than any other Fortune 500 company. By offering fair wages and great benefits, the company has created a workplace culture that attracts positive, high-energy, talented employees.”
In an aerial view, the Costco logo is seen on the exterior of a Costco store in Richmond, California on July 11, 2024. (Justin Sullivan/Getty Images/Getty Images)
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Costco did not immediately respond to FOX Business’ request for comment.
“We are the backbone of Costco,” Brian Fields, a Costco employee and Teamsters Local 570 member in Baltimore, said in a statement. “We drive the success and the profits. We hope the company will step up and do the right thing by us, but if not, that’s on them. The company is kicking itself.”
