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Eighteen thousand Costco Teamsters are preparing to strike if a “fair contract offer” is not presented by the end of the month.
Eighty-five percent of US Costco Teamsters voted to authorize the strike, according to a press release Sunday. Tensions had been building throughout the week as the Teamsters put several Publications related to costs on their social networks.
“From day one, we have told Costco that our members will not work a day past Jan. 31 without a historic, industry-leading agreement,” Teamsters General President Sean M. O’Brien said in a communicated
“Greedy Costco executives have less than two weeks to do the right thing. If they refuse, they will have no one to blame but themselves when our members strike,” O’Brien continued.
COSTCO COLD REMEDY RECALLS FOR POSSIBLE “CONTAMINATION”
A Costco employee helps monitor customers at Self Check-out kiosks at a store in Florida. (Lindsey Nicholson/UCG/Universal Images Group/Getty Images)
Teamsters told X that the “final week of negotiations begins January 20.”
Training pickets have been held in California, Washington and Long Island “in preparation for a possible strike.”
Hundreds in San Diego are preparing to mobilize a large practice picket for Thursday, the Teamsters said.
COSTCO ISSUES RECALL NOTICES FOR FROZEN GROUNDS, FREEZE-DRIED BEEF DUE TO LISTIERIA CONCERNS
Customers lined up at the checkout counters of a busy Costco store in Queens, New York. (Lindsey Nicholson/UCG/Universal Images Group/Getty Images)
| Ticker | security | last | to change | % change |
|---|---|---|---|---|
| COST | COSTCO WHOLESALE CORP. | 943.19 | +23.44 |
+2.55% |
The first Costco location opened in 1976 under the name Price Club “in a converted airplane hangar on Morena Boulevard in San Diego.” says the retail giant’s website. Today, the membership warehouse club “is a multi-billion dollar global retailer with warehouse club operations in eight countries.”
Costco’s website also says the company is “often noted for being far more employee-centric than other Fortune 500 companies. By offering fair wages and top-notch benefits, the company has created a work culture that attracts positive employees, with lots of energy and talent.”
In an aerial view, the Costco logo is displayed outside a Costco store on July 11, 2024, in Richmond, California. (Justin Sullivan/Getty Images/Getty Images)
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Costco did not immediately respond to a request for comment from FOX Business.
“We are the backbone of Costco,” Bryan Fields, a Costco worker in Baltimore and a member of Teamsters Local 570, said in a statement. “We drive it success and generate its profits. We hope the company steps up and makes it right, but if they don’t, that’s on them. The company will go on strike.”
