Costco Workers Nationwide Threaten Strike Over Contract Dispute
The Teamsters union, representing 18,000 Costco employees, demands higher wages and improved benefits, citing the company's record profits.
- The Teamsters union has voted to authorize a strike starting February 1 if Costco does not meet their demands for a new labor contract before the current one expires on January 31.
- Key union demands include increased wages, seniority pay, paid family leave, bereavement policies, sick time, and protections against workplace surveillance.
- Costco reported $254 billion in annual revenue and $7.4 billion in net profits for fiscal 2024, but the union claims the company has failed to fairly share its financial success with workers.
- Practice pickets have been held in multiple locations across the U.S., including California, Washington, and New York, as workers prepare for a potential nationwide strike.
- Costco maintains that it treats employees better than competitors and is committed to reaching a fair agreement, but the union accuses the company of failing to honor its pro-worker reputation.