A union representing 18,000 Costco employees nationwide has authorized a strike, signaling a potential work stoppage if negotiations fail. The current contract between Costco and the Teamsters Union expires on January 31st, and 85% of union members voted in favor of the strike action. The union accuses Costco of rejecting proposals and offering counterproposals they describe as insulting,” lacking retirement benefit enhancements and failing to reflect the company’s financial success. Costco is known for positive worker treatment and diversity initiatives. Costco has not yet commented on the matter.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02A union representing 18,000 Costco employees nationwide has authorized a strike,
00:07signaling a potential work stoppage if negotiations fail.
00:11The current contract between Costco and Teamster's union expires on January 31st,
00:16and 85% of union members voted in favor of the strike action.
00:20The union accuses Costco of rejecting proposals and offering counter-proposals
00:25they describe as insulting, lacking retirement benefit enhancements,
00:29and failing to reflect the company's financial success.
00:32Costco is known for positive worker treatment and diversity initiatives.
00:36Costco has not yet commented on the matter.
00:39For all things money, visit Benzinga.com.