Teamsters union members working at Costco Wholesale locations across the country voted to authorize a strike on Sunday, with more than 85% of members in favor of hitting the picket lines. The union represents more than 18,000 Costco employees nationally.
Teamsters said its members voted in favor of a strike as they entered a final round of talks to reach a new contract ahead of a Jan. 31 deadline.
At practice pickets in Sumner, workers held red, white and blue signs with the words “Strike Ready! A taste of what’s to come!” and “Just sampling.”
Few businesses have done this better than Costco ( COST 2.55%). In the past 20 years, the warehouse club operator has generated a total return of 2,730% (as of Jan. 16). Putting $1,000 into shares back then would be worth over $28,000 today.
Teamsters working for wholesale giant Costco voted to authorize a strike ahead of a Jan. 31 contract expiration, the labor group said in a statement. The contract covers more than 18,000 Costco
Teamsters for Costco Wholesale voted to authorize a strike ahead of an agreement ending on Jan. 31, the union group announced.
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Key Takeaways Costco Wholesale employees represented by the International Brotherhood of Teamsters union voted overwhelmingly to authorize a nationwide strike should they not reach a new labor agreement by the end of the month.
They are working without a contract right now, and more than 85% voted on Sunday in favor of authorizing the strike. The union representing the workers says Costco’s profits have more than doubled since 2018. They are calling for pay and benefits that reflect the company’s successes.
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We recently published a list of 12 Stocks That Could Split in the Near Future. In this article, we are going to take a look at where Costco Wholesale Corp.