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Eighteen thousand Costco Teamsters are preparing to strike if a “fair contract” is not presented by the end of the month.
Eighty-five percent of Costco Teamsters across the US voted to authorize the strike, according to a Sunday press release. Tensions have been building throughout the week, as the Teamsters posted more Costco-related posts on social media.
“From day one, we told Costco that our members would not work a day past January 31 without a historic, industry-leading agreement,” Teamsters General President Sean M. O’Brien said in a statement.
“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 if our members go on strike,” O’Brien continued.
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A Costco employee helps monitor customers at Self Check-out kiosks at a Florida store. (Lindsey Nicholson/UCG/Universal Images Group/Getty Images)
The Teamsters said in X that “the final week of negotiations begins on January 20.”
Practice drills were held in California, Washington and Long Island “in preparation for a possible strike.”
Hundreds in San Diego are preparing to put together a mass rally on Thursday, the Teamsters said.
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Customers line up at checkout counters at a busy Costco store in Queens, New York. (Lindsey Nicholson/UCG/Universal Images Group/Getty Images)
| A ticker | Security | Finally | Change | change % |
|---|---|---|---|---|
| COSTS | Costco Wholesale Corp. | 943.19 | +23,44 |
+2.55% |
The first Costco location opened in 1976 under the name Price Club “in a converted airport on Morena Boulevard in San Diego,” the giant’s website says. Today, the membership warehouse club is “a multi-billion dollar global retailer with warehouse club operations in eight countries.”
Costco’s website also states that the company “is often recognized for being more employee-focused than other Fortune 500 companies. By offering fair wages and great benefits, the company has created a workplace culture that attracts good, high-powered, talented employees. .”
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 FOX Business’ request for comment.
“We are the backbone of Costco,” Bryan Fields, a Costco employee in Baltimore and a member of Teamsters Local 570, said in a statement. “We drive its success and generate its profit. We hope that the company will step up and do what we need to do, but if it doesn’t, it’s on them. The company will be beating itself up.”
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