Overview

• The strike authorization was approved by 85% of union members, signaling strong support for potential action against Costco.
• The Teamsters union is demanding higher wages, improved retirement benefits, and stronger policies on bereavement leave, sick time, and seniority pay.
• Costco reported $254 billion in annual revenue and $7.4 billion in net profits, a 135% increase since 2018, but the union calls its contract proposals 'insulting.'
• Union members held practice pickets at key locations across the U.S., including California, Washington, and New York, to prepare for possible strike action.
• Costco has not publicly responded to the strike authorization but previously stated its commitment to fair negotiations, citing a 40-year history of working with the Teamsters.